On January 1, 2016, Leary, Inc. borrowed $120,000 from a bank at a 6% annual interest rate. The loan is to be paid back in six equal installments beginning on December 31, 2016. Interest on the balance owed will be paid annually along with the principal payment. Interest will be expensed evenly throughout the year.

As of July 31, 2018, the following amounts will be shown on the balance sheet relating to the debt:

Loan payable - current:

Loan payable - long-term:

Accrued interest:

You must enter your answers in the following format: $x,xxx