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Blossom Lake Corp. issues a $588,000, 4-year, 5% note payable on March 31, 2024. The terms provide for fixed principal payments annually of $147,000. (b)

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Blossom Lake Corp. issues a $588,000, 4-year, 5% note payable on March 31, 2024. The terms provide for fixed principal payments annually of $147,000. (b) Your answer is partially correct. Show the balance sheet presentation of the current and non-current liabilities related to the note as at March 31,2025 . BLOSSOM LAKE CORP. Balance Sheet (Partial) March 31, 2025 $

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