3. The company borrowed $500,000 by signing a five-year 5% note on January 112 thisyar, The company will make prindpal payments of $100,000 each year plus aconed interest On December 312 of this vear the company pays $100,000 prickpal pryment plus 525,000 in accoued interest. After making the payment the accountant prepares their balance sheet, at what amount will they report as a current labity for this borrowing? 4. The balince shect shons the following current assets: $300,000, total assets: $1,000,000; current liablities: $100,000, total liablities: $600,000; and stodtholders equity, $400,000. What is the current ratio