Question: Question 4 your answer is partially corred. Try again. Monty Corp issued a $48,000, 10%, 10-year installment note payable on January 1, 2022. Payments of

Question 4 your answer is partially corred. Try again. Monty Corp issued a $48,000, 10%, 10-year installment note payable on January 1, 2022. Payments of $7,680 are made each January 1, beginning January 1, 2023. (a) What amounts should be reported under current liabilities related to the note on December 31, 2022 (b) What should be reported under long-term liabilities? MONTY CORP. Balance Sheet (Partial) Current Tobert Payable 400 Long-term Liabile Notes Payable 4800 Click if you would like to Show Work for this question: Deen Show Work

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