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Cheyenne Corp.issued a five-year interest-bearing note payable for $264000on January 1, 2019. Each January the company is required to pay $53000on the note. How will

Cheyenne Corp.issued a five-year interest-bearing note payable for $264000on January 1, 2019. Each January the company is required to pay $53000on the note. How will this note be reported on the December 31, 2020, balance sheet?

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