Required information Exercise 7-5 (Algo) Notes payable-discount basis LO 2 [The following information applies to the questions displayed below] On April 15, 2019. Powell Inc obtained a six-month working capital loan from its bank. The face amount of the note signed by the treasurer was $411,300. The interest rate charged by the bank was 5.50%. The bank made the loan on a discount basis. Exercise 7-5 (Algo) Part c :. What is the amount of the current liability related to this loan to be shown in the June 30,2019 , balance sheet