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Consider the following loan schedule: Payment (S)Interest (S)Principal (S)Balance (S) 30 June 2018 600,000 30 June 2019120,000 51,000 69,000 531,000 30 June 2020120,000 45,135 74,865

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Consider the following loan schedule: Payment (S)Interest (S)Principal (S)Balance (S) 30 June 2018 600,000 30 June 2019120,000 51,000 69,000 531,000 30 June 2020120,000 45,135 74,865 456,135 30 June 2021 120,000 38,771 81,229 374,906 30 June 2022120,000 31,867 88,133 286,774 30 June 2023120,000 24,376 95,624 191,149 1.1 State the amount that would be reported as a current liability on 30 June 2022. 1.2 State the amount that would be reported as a non-current liability on 30 June 2022

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