BE$10\mathrm{.}18($LO $1,4)$ AP Diamond Dealers has two notes payable outstanding on December $31,2024,$ as follows:

a$.$ A five$-$year, $5*5\%,$$$60,000$ note payable issued on August $31,2024.$ Diamond Dealers is required to pay $$12,000$ plus interest on August $31$ each year starting in $2025.$

b$.$ A four$-$year, $4\mathrm{.}5\%,$$$96,000$ note payable issued on September $30,2024.$ Diamond Dealers is required to pay $$2,000$ plus interest at the end of each month starting on October $31,2024.$ All payments are up to date.

Calculate the amount of each note to be included in current and non$-$current liabilities on Diamond Dealers' December $31,2024,$ balance sheet. Ignore interest.

Prepare current liabilities section and calculate ratios.