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M10.5 (Algo) Reporting Current and Noncurrent Portions of Long-Term Debt [LO 10-2] On December 1, 2021, your company borrowed $28.500, a portion of which is

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M10.5 (Algo) Reporting Current and Noncurrent Portions of Long-Term Debt [LO 10-2] On December 1, 2021, your company borrowed $28.500, a portion of which is to be repaid each year on Novenber 30 , Specifically. your company will make the following peincipal payenents, 2022, $3,800;2023,$5,700,2024,$7,600; and 2025,$11,400, 5how how this loan will be reported in the December 31,2022 and 2021 balsnce sheets, assuming principad payments will be mode when iequired

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