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 Date Account Titles and Explanation Debit Credit 2020 July 1 Cash 19500 Notes Payable 19500 Dec 31 Interest Expense 585 Interest Payable 585 2021 June 30 Notes Payable 9466 Interest Payable 585 Interest Expense 585 Cash 10636 Dec 31 Interest Expense 301 Interest Payable 301 Your answer is 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 Interest Payable 585 Non-Current Liabilities Notes Payable 10034 eTextbook and Media Assistance Used List of Accounts Assistance Used Attempts: 7 of 15 used d ) (d) What amount would Concord report as current and non-current in the liabilities section of its statement of financial position on December 31, 2021? (Round answers to the nearest whole dollar, e.g. 5,255.) Concord Ltd. Statement of Financial Position (Partial) December 31, 2021 $ e Textbook and Media List of Accounts Save for Later Attempts: 0 of 15 used Submit Answer Question Part Score --/0.75