PLEASE!!!

Determine the total current debt and non-current debt that the company will present in the Balance Sheet of December 31, 2021.

1. On November 1, 2021, LTY acquired 2,000 units of inventory on credit at $500 each. The terms of the invoice were 2/10, n/90. On November 9, 2021, he paid 20% of the debt. On January 20, 2022, LTY agreed with the supplier to pay half of the balance due in cash and the other half with common shares of the company. The shares have an even value of $1.

2. On November 30, 2021, he received $32,000 from the People's Bank in exchange for signing a 3-month promissory note for $35,000 without stipulated interest.

3. On February 15, 2021, LTY received notification that a former employee is sued to the company for unjustified dismissal. The dismissal occurred on December 21, 2020. The company's legal advisors inform you that the former employee is likely to win the case, so they recommend reaching an agreement as soon as possible to avoid too much negative press. The amount payable is estimated to be between $700,000 and one million.

4. On January 1, 2020, LTY issued a three-year promissory note payable, with a stipulated annual interest rate of 8% and a principal value of $30,000 in exchange for a team. The market value of the equipment and the document could not be determined at the time of the transaction. However, the equipment had a value in the seller's books of $12,000. The company charged an interest rate of 12% to the loan.

5. On December 1, 2020, LTY issued bonds with a maturity value of $100,000 and an established interest of 10% at their equal value plus accumulated interest. The bonds were originally dated November 1, 2020 and expire on November 1, 2025 with interest payable on November 1 and May 1.

6. On December 31, 2020, the LTY corporation issued $100,000 in bonds at 12%, for 5

Years. Bonds pay interest every six months on July 1 and January 1. The present value of the bonds at the time of issue was $86,580. In addition, the company incurred $5,000 bond issuance costs. The effective market rate was 16%.

7. On January 5, 2021, LTY learned that one of its competitors is selling a product in which LTY has exclusive rights to sell. LTY filed a lawsuit against the competitor and, in all likelihood, his lawyers considered that he will be able to recover at least $1,500,000.