On January 1^st, 20x0 ABC Company borrowed $150,000 for 4.00 years from a local bank. According to the loan agreement, the loans interest is 10.00%, and the company is obligated to pay an amount of $23,208 on June 30^th, and December 31^st each year.

Required:

Based on the above given information, answer the following questions:

1. What is the total amount of interest that will be paid for the loan over its four years term?
2. What is the amount of interest that will be recorded on the income statement for the year 20x0 (assume calendar year
3. At the end on the year 20X0, the amount of the loan that must be presented as a current must be equal to( ) and the amount that must be presented as a non-current liability must be equal to ( )