Question: Please help me with the below question. Please format the answer just like how it is in the image below or in a way where

Please help me with the below question. Please format the answer just like how it is in the image below or in a way where it is easy to understand.

On January 1,2023,ABC Inc. borrowed $124,000 from the bank. Interest is calculated at the rate of 10% and the term of the note is four years. Four equal annual payments will be made in the amount of $39,118 each December 31 . The payment schedule is shown below: a) Show how ABC Inc. will show the note on the year-end December 31, 2023 balance sheet. b) Show how ABC Inc. will show the note on the year-end December 31, 2024 balance sheet. Bonds Payable Notes Payable Mortgage Payable Current portion of Bonds Payable Current portion of Notes Payable Current portion of Mortgage Payable

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