E$15\mathrm{.}15($LO $5)$ AP The following instalment payment schedule is for an instalment note payable:

Instructions

a$.$ Is this a fixed principal or blended payment schedule?

b$.$ What is the interest rate on the note?

c$.$ Prepare the journal entry to record the first instalment payment.

d$.$ What are the non$-$current and current portions of the note at December $31,2025?$