On April 1,2020, Celine Company purchased a parcel of land for $8,000,000 under an installment contract. The entity made a $2,400,000 cash downpayment on April 1,2020 and signed a 4-year 10% note for the $5,600,000 balance. The equal annual payments of principal and interest on the note totaled $1,760,000, payable on April 1 of each year from 2021 to 2024.

a.) compute the current portion of the note payable on December 31,2020?

b.) compute the noncurrent portion of the note payable on December 31,2021?