On January 1, 2014, United Corporation borrowed $150,000 from the bank. Interest is calculated at the rate of 10% and the term of the note is four years. Four equal annual payments will be made in the amount of $47,321 each December 31. The payment schedule is shown below: Year 2014 2015 2016 2017 Annual Principal Portion of Payment Payment 47,321 32,321 47,321 35,553 47,321 39,108 47,321 43,018 Interest Portion of Payment 15,000 11,768 8,213 4,303 Principal Balance at Year-End 117,679 82,126 43,018 0 a) Show how United Corporation will show the note on the year-end December 31, 2014 balance sheet. Liabilities Current Liabilities: (Select one). Long Term Liabilities: (Select one). b) Show how United Corporation will show the note on the year-end December 31, 2015 balance sheet. Liabilities Current Liabilities: (Select one) Long Term Liabilities: (Select one)