Question: Pronghorn lCorp. has three notes payable outstanding on December 31, 2016, as follows: 1. A sixyear, 6%, $150,000 note payable issued on March 31, 2016.

 Pronghorn lCorp. has three notes payable outstanding on December 31, 2016,

as follows: 1. A sixyear, 6%, $150,000 note payable issued on March31, 2016. Pronghorn Corp. is required to pay $25,000 plus interest on

Pronghorn lCorp. has three notes payable outstanding on December 31, 2016, as follows: 1. A sixyear, 6%, $150,000 note payable issued on March 31, 2016. Pronghorn Corp. is required to pay $25,000 plus interest on March 31 each year sterling in 201?. 2. A seven-month, 4%, $36,000 note payable issued on July 1, 2016. Interest and principal are payable at maturity. 3. A 30moni, 5%, $300,000 note payable issued on September 1, 2016. Pronghorn Corp. is required to pay $10,000 plus interest on Hie rst dayr of each month starting on October 1, 2016. All payments are up to date. Calculate the current portion of each note payable. Note 1 5\" | Note 2 $l | Note 3 $l l Calculate the noncurrent portion of each note payable. Non-Current Portion Note 1 Note 2 Note 3 Calculate any interest payable at December 31, 2016. Interest Payable Note 1 Note 2 Note 3

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