E11-5 Suppose Detweiler Technologies borrowed $2,000,000 on December 31, 2016, by issuing 4 percent long-term debt that must be paid in four equal annual instalments plus interest on the outstanding balance commencing January 2, 2018

Required

Insert the appropriate amounts in the following excerpts from the company's partial balance sheet to show how Detweiler Technologies should report its current and long-term liabilities for this debt