Your answer is correct. Prepare an instalment payment schedule for the term of the note. (Round answers to the nearest whole dollar, eg. 5,255.) Annual Interest Period July 1, 2020 Cash Payment Interest Expense Reduction of Principal Principal E June 30, 2021 $ 10636 $ 1170 $ 9466 June 30, 2022 10636 602 10034 Principal Balance $ 19500 10034 1 (c) Your answer is partially correct. What amounts would Concord report as current and non-current in the liabilities section of its statement of financial position on December 31, 2020? (Round answers to the nearest whole dollar, e.g. 5,255.) Concord Ltd. Statement of Financial Position (Partial) December 31, 2020 Current Liabilities Current Portion of Notes Payable 9466 CPP Payable 19500 Non-Current Liabilities Notes Payable 10034 eTextbook and Media Assistance Used List of Accounts Assistance Used Save for Later Attempts: 5 of 15 used Submit Answer Question Part Score 0.58/0.75