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On 30 June 2021, Modling Ltd borrowed $280,000 as a 6-year interest-only loan. The interest rate is 7.5% p.a. with payments required on June 30

On 30 June 2021, Modling Ltd borrowed $280,000 as a 6-year interest-only loan. The interest rate is 7.5% p.a. with payments required on June 30 each year. In relation to this loan, state the amount that would be reported as current liability in the Statement of financial position on 30 June 2026. Round your answer to the nearest whole dollar

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