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Hollowing information to answer the next 3 questions, 13.5 points On January 1, Year 1, DTI issued a $50,000 face value long-term note to National
Hollowing information to answer the next 3 questions, 13.5 points On January 1, Year 1, DTI issued a $50,000 face value long-term note to National Bank. The note had a 6% annual interest rate and a 6-year term. The loan agreement called for 6 equal payments of $10,168 to be made on December 31 of each year. Assume they made the $10,168 payment on 12/31/Year 1. (8 02:13:43 Based on the above, the amount that DTI would show as total liabilites (also called principle balance or carrying value) of the notes payable shown on the December 31, Year 1 balance sheet would be? $50,000 $39,832 $48,500 $47.000 $42,832 How much should be listed as the current portion of long-term debt in their December 31, Year 1 balance sheet (current liabilities section)? $7,598 $7,168 $2,570 $35,234
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