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On December 1 , 2 0 2 1 , your company borrowed, a portion of which is to be repaid each year on November 3

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On December 1,2021, your company borrowed, a portion of which is to be repaid each year on November 30. Specifically, your company will make the following principal payments:; and. Show how this loan will be reported in the December 31,2022 and 2021 balance sheets, assuming principal payments will be made when required. \table[[Balance Sheet (Partial)],[,As of December 31],[,2022,2021],
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