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3 . On January 1 , 2 0 2 4 , Hagger Inc receives $ 2 0 0 , 0 0 0 from a bank

3 .

On January

1, 2024,

Hagger Inc receives $

200, 000

from a bank loan. The loan is to be paid back in one lump

-

sum payment at the end of

2028 .

The interest rate on the loan is

8 %

and interest payments are made semi

-

annually. How will this loan be reflected on the December

31, 2025

Balance Sheet?

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