As Moving to another question will save this response. 1. A company takes out a long term bank loan for $75,000 on 31 December 2020 . The company's year-end is 31 December. The interest rate is 39 repayments are $10,000 made on 31 December each year starting from 2021 . Prepare all journal entries for 2020 and 2021 . What proportion of th classified as a current liability on the 31 December 2020 Statement of Financial Position? (6 marks) 2. Vitamix provides a 10 year warranty on its high-speed blenders. If a customer buys a blender and it breaks, Vitamix will pay to have it fixed on Vitamix uses historical data about warranty claims to estimate the amount they should provide in the accounts against future cliuma. What finan the warranty provision? Is it current or non-current? Why? ( 1 mark)