Maria Miller is seeking financing for her new business venture, the development of a local ski hill. She has found two possible sources

of financing: $(1)$ a mortgage payable and $(2)$ a note payable. She can borrow $$170,000$ on January $1,2027,$ from either, but the

repayment terms differ.

Mortgage payable details: $,$$$170,000$ mortgage with an annual interest rate of $8\%.$ The loan is repayable over $5$ years in annual

installments of $$42,578,$ principal and interest, due each December $31.$ The first payment is due

December $31,2027,$ and the last on December $31,2031.$

Long$-$term note details: $,$$$170,000,5-$year note with an annual interest rate of $6\%.$ Annual interest is due each December $31.$

The principal is due January $1,2032.$

Show the balance sheet presentation for each option assumed in part $($a$)$ at December $31,2027.$

Current Liabilities

Mortgage payable $$31,296$

Long Term Liabilities

Mortgage payable $?$

Long Term Liabilities

$?$ $$170,000$