M1O-5 Reporting Current and Noncurrent Portions of Long-Term Debt [LO 10-2] Assume that on Deoember 1, 2015, your company borrowed $15,000, a portion of which is to be repaid each year on November 30. Specifically, your company will make the following principal payments: 2016, $2,000; 2017, $3,000; 2018, $4,000; and 2019, $6,000. Show how this loan will be reported in the December 31, 2016 and 2015 balance sheets, assuming that principal payments will be made when required. 16 2015 Total Liablities References eBook & Resources Worksheet Dficulity 1 Easy M10-5 Reporting Current andLeaming Otjeciver 10:02 Explain how Noncurrent Portions of Long-acount fer bamiman cyceans of curent F3 FS 2