Required information Exercise 7-7 (Static) Notes payablediscount basis LO 7-2 Skip to question [The following information applies to the questions displayed below.] On May 15, 2022, Powell Incorporated obtained a six-month working capital loan from its bank. The face amount of the note signed by the treasurer was $600,000. The interest rate charged by the bank was 7%. The bank made the loan on a discount basis. Exercise 7-7 (Static) Part c c. What is the amount of the current liability related to this loan to be shown in the June 30, 2022, balance sheet