At December 31, 2017 (the end of the fiscal year), Flounder Corporation owes $1,680,000 on a note payable due January 31, 2018 If Flounder refinances the obligation by issuing a long-term note on February 20, 2018 and using the proceeds to pay off the note due January 31, how much of the $1,680,000 should be reported as a current liability at December 31, 2017? (Do not leave any answer field blank. Enter o for amounts.) Amount to be reported as a current liability at December 31, 2017 $ If Flounder pays off the note on January 31, 2018, and then borrows $2,520,000 on a long-term basis on February 15, how much of the $1,680,000 should be reported as a current liability at December 31, 2017? (Do not leave any answer field blank. Enter 0 for amounts.) Amount to be reported as a current liability at December 31, 2017 Click if you would like to Show Work for this question: Open Show Work s based on the Point Potential Poli cy set by your instructor. By accessing this Question Assistance, you will learn while you earn point SAVE FOR LATER Question Attempts: 0 of 3 used Earn Maximum Points available only if you answer this question correctly in your first attempt. 7:21 PM