On December 1, 2018, 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: 2019, $6,800; 2020, $10,200; 2021, $13,600; and 2022, $20,400. Show how this loan will be reported in the December 31, 2019 and 2018 balance sheets, assuming principal payments will be made when required. Balance Sheet (Partial) As of December 31 2019 2018 Total Liabilities ! Required information [The following information applies to the questions displayed below.) Schlitterbahn Waterslide Company issued 40,000, 10-year, 8 percent, $100 bonds on January 1 at face value. Interest is payable each December 31. (a) The issuance of these bonds on January 1. (b) The first interest payment on December 31. 1. Indicate the effects of the amounts for the above transactions. (Enter any decreases to assets, liabilities, or stockholders equity with a minus sign.) Assets Liabilities + Stockholders' Equity (a) (b)