On December $1,2024,$ your company borrowed $$51,000,$ a portion of which is to be repaid each year on November $30.$ Specifically, your company will make the following principal payments: $2025,$$$6,800$;$2026,$$$10,200$;$2027,$$$13,600$; and $2028,$$$20,400.$

Required:

Show how this loan will be reported in the December $31,2025$ and $2024$ balance sheets, assuming principal payments will be made when required.

$\backslash$table$[[$Balance Sheet $($Partial$),],[,$As of December $31,],[,2025,2024],[,,],[,,],[$Total Liabilities,,$]]$