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On January 1, 2014. Gulf Corp borrowed $201.000 from the bank. Interest is calculated at the rate of 10% and the form of the notes
On January 1, 2014. Gulf Corp borrowed $201.000 from the bank. Interest is calculated at the rate of 10% and the form of the notes four years Four equal annual payments will be made in the amount of $63.410 each December 31 The payment schedule is shown below Yo 2014 2015 2010 2017 Principal Print Payment Payment 63.610 4310 63,410 47,041 63,410 52,405 63,410 57,644 Intel Portion Payment 20,100 15,700 11.005 5.760 Principale Your End 157.690 110,049 57,644 a) Show how Gulf Corp will show the note on the year-end December 31, 2014 balance sheet Liabilities Current abilities (select one Long Term Liabilis (Select one) by show how Gulf Corp will show the note on the year and Decomber 31, 2015 balance sheet Liabilities Current Liabilities Select one Long Term Liabiti (Select one
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