Cullumber Companyhas two notes payable outstanding on December 31, 2021, as follows:

(a)

A five-year,4.8%, $78,000note payable issued on August 31, 2021.Cullumber Companyis required to pay $15,600plus interest on August 31 each year starting in 2022.

(b)

A four-year,4.9%, $163,200note payable issued on September 30, 2021.Cullumber Companyis required to pay $3,400plus interest at the end of each month starting on October 31, 2021. All payments are up to date.

Calculate the amount of each note to be included in current and non-current liabilities onCullumber Company' December 31, 2021, balance sheet. Ignore interest.

(a)(b)Current liability

$

enter a dollar amount

$

enter a dollar amount

Non-current liability