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Consider the following loan schedule: Payment ($) Interest ($) Principal ($) Balance ($) 30 June 2018 600,000 30 June 2019 120,000 51,000 69,000 531,000 30

Consider the following loan schedule:

Payment ($) Interest ($) Principal ($) Balance ($)
30 June 2018 600,000
30 June 2019 120,000 51,000 69,000 531,000
30 June 2020 120,000 45,135 74,865 456,135
30 June 2021 120,000 38,771 81,229 374,906
30 June 2022 120,000 31,867 88,133 286,774
30 June 2023 120,000 24,376 95,624 191,149

State the amount that would be reported as a non-current liability on 30 June 2021.

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