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On January 1, Year 1, DTI issued a $50,000 face value long-term note to National Bank. The note had a 8% annual interest rate and

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On January 1, Year 1, DTI issued a $50,000 face value long-term note to National Bank. The note had a 8% annual interest rate and a 6- year term. The loan agreement called for 6 equal payments of S10,816 to be made on December 31 of each year, Assume they made the $10,816 payment on 12/31/Year 1. Based on the above, the amount that DTI would show as total liabilites (also called principle balance or carrying value) of the notes payable shown on the December 31, Year 1 balance sheet would be? O $46,000 O $43,184 O $48.000 O $39.184 O $50,000 How much should be listed as the current portion of long-term debt in their December 31, Year 1 balance sheet (current liabilities section)? $10.816 O $6,816 O $7,361 O $3,455 O $43.184 O $35,823 Based on the above, the interest expense (rounded) shown on the Year 2 income statement would be? O $10,816 O $2,000 O $3,455 O $7361 $4,000

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