M10-5 (Algo) Reporting Current and Noncurrent Portions of Long-Term Debt [LO 10-2] On December 1, 2021, your company borrowed $37,500, a portion of which is to be repaid each year on November 30. Specifically, your company will make the following principal payments: 2022, $5,000;2023,$7,500;2024,$10,000; and 2025 , $15,000. Show how this loan will be reported in the December 31,2022 and 2021 balance sheets, assuming princlpal payments will be made when required