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On January 1,2024 , Crane Corp. borrows $13,500 by signing a 3-year, 6% note payable. The note is repayable in three annual blended payments of

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On January 1,2024 , Crane Corp. borrows $13,500 by signing a 3-year, 6% note payable. The note is repayable in three annual blended payments of $5,050 on December 31 of each year. What amounts would be reported as current and non-current in the liabilities section of Crane's balance sheet at December 31 , 2024? Current liability $ Non-current liability $

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