Question: The company borrowed $ 2 5 2 , 0 0 0 on March 3 1 , 2 0 2 4 . Principal and interest are

The company borrowed $252,000 on March 31,2024. Principal and interest are due on March 31,2025. This note is the companys only interest-bearing debt.
Rent for the year on the companys office space is $51,000. The rent is paid in advance.
On October 31,2024, Eldorado lent money to a customer. The customer signed a note with principal and interest at 3% due in one year.
Required:

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