On January 1, 2021. Ivanhoe Corp. borrows $ 18,000 by signing a 3-year, 6% note payable. The note is repayable in three annual blended payments of $ 6,734 on December 31 of each year. Prepare an instalment payment schedule for the note. (Round answers to O decimal places, eg. 5,276.) Period Cash payment Interest Expense 6% Reduction of Principal Principal Balanc Jan. 1. 2021 $ Dec 31. 2021 Dec 31. 2022 Dec. 31 2023 Tauthent 4+1 Prepare journal entries to record the note and the first instalment payment. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 1 (To record issuance of note.) Dec. 31 What amounts would be reported as current and non-current in the liabilities section of Ivanhoe's balance sheet at December 31, 20212 Current liability $ Non-current liability $