1 Take me to the text For the following independent transactions, determine the amount of current and long-term liabilites. Do not enter dollar signs or commas in the input boxes. Current Long-Term No. Transaction Liability Liability On May 31, 2019, Giant Flowers borrowed $257,400 from the bank. The entire amount is due on May 30, 2020, KLM Company purchased a small building at a cost of $220,000. The 2 down payment is $70,000. The remaining balance is payable in 5 years with an annual payment of $30,000 During July 2019, a business owner obtained an interest-free loan from a 3 financing company. The loan amount was $43,000. The agreed terms of payment is 4 annual installments of $10,750. A business owner borrowed $13,000 from a close friend for a business 4 expansion. They both signed an agreement that the payment will be made after 3 years Check