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On December 1, 2021, your company borrowed $30,000, a portion of which is to be repaid cach year on November 30. Specifically your company will

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On December 1, 2021, your company borrowed $30,000, a portion of which is to be repaid cach year on November 30. Specifically your company will make the following principal payments 2022, $4,000, 2023. $6.000 1024 $8.000 and 2025 $12.000 Show how this loan will be reported in the December 31, 2022 and 2021 balance sheets, assuming principal payments will be made when required Balance Sheet (Partial) As of December 31 2022 2021 Total Liables

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