On January 1, 2021, Sunland Corp, borrows $26,000 by signing a 3-year, 3% note payable. The note is repayable blended payments of $9,192 on December 31 of each year. Prepare an instalment payment schedule for the note. (Round answers to O decimal places, eg. 5,276.) Cash payment $ Interest Expense 3% $ Period Jan. 1. 2021 Dec 31 Reduction of Principal $ Dec 31 2022 Dec 31, 2023 ovih Principal Balance $ 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.) Debit Credit Date Account Titles and Explanation Jan. 1 (To record issuance of note.) Dec 31 To record payment on note) What amounts would be reported as current and non-current in the liabilities section of Sunland's balance sheet at December 31, 2021 Current liability $ Non-current liability $