On October $1,2024,$ Ryan acquired some land for $\backslash (\backslash$$ $300,000\backslash ).$ He paid a down payment of $\backslash (\backslash$$ $30,000\backslash )$ and signed a ten year, $\backslash (7\backslash \%\backslash )$ loan payable for the balance. Monthly blended payments of $\backslash (\backslash$$ $3,135\backslash )$ are required on the first of each month, starting November $1.$ Ryan's company follows ASPE, uses a perpetual inventory system and has an October $\backslash (31^\{\backslash$text $\{$st $\}\}\backslash )$ year end.

Required $1$:

Prepare the loan amortization table for the first $3$ months. Round all amounts to whole numbers.

Required $2$:

Prepare the journal entries, if required, on October $\backslash (1^\{\backslash$text $\{$st $\}\}\backslash ),$ October $\backslash (31^\{\backslash$text $\{$st $\}\}\backslash )($year end$)$ and November $\backslash (1^\{\backslash$text $\{$st $\}\}\backslash ).$ Round all amounts to whole numbers.

October $1$:

October $31$:

November $1$:

Required $3($please upload this in the separate area in crowdmark$)$:

What are the amounts, related to the loan, that would be shown on the classified balance sheet at October $31,2024($i$.$e$.$ what would be shown on the balance sheet in the current and non$-$current section$)?$ Note: you probably have to do further calculations to have these numbers.

Note: please state the account name and amount. Round all numbers to whole numbers.

Liabilities:

Current:

Non$-$current: