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Chapter 10 (8 marka, 16 minutes) Reddington Limited borrowed $240,000 from Dembe Bank for a 5-year period on January 1, 2021. The 8% loan requires

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Chapter 10 (8 marka, 16 minutes) Reddington Limited borrowed $240,000 from Dembe Bank for a 5-year period on January 1, 2021. The 8% loan requires a semi-annual payment (principal plus interest) of $28,135 each June 30 and December 31. The company's your-ond in December 31 Required: A Propun an installment payment schedulin for the first neement uning the following table format. Please round all calculations to the nearest dallar, (4 marka Date Cash Payment Interest Expense Principal Reduction Principal Balance Jan 1, 2021 June 30, 2021 Dec 31, 2021 June 30, 2022 Dec 31, 2022 Using your answer from Part A above, prepare the journal entry that Reddington Limited would record on December 31, 2021. 2,5 murka) (C) What amounts will be recorded as current and non-current abilities in Reddington United Statement of Financial Position as a December 31, 2021? (1.5 marks) For the toolbar, Dren ALT F10 Por ALT.FN.F10 Mach

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