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On January 2, 2020. Brook company acquired machinery by issuing a 4%, $354,000 note due in 5 years on December 31,2024. Annual payments are 79,259

On January 2, 2020. Brook company acquired machinery by issuing a 4%, $354,000 note due in 5 years on December 31,2024. Annual payments are 79,259 each december 31. the payment schedule is:
Using the information provided, complete the following liabilities section of Brook Company's balance sheet at december 31 image text in transcribed
Year 2020 2021 2022 2023 2024 Annual Payment $79,259 79,259 79,259 79,259 79,259 Principal Portion of Payment $65,099 67,783 70,411 73,228 77,559 Interest Portion of Payment $14,160 11,556 8,848 6,31 1,700 Principal Balance at Year-End $288,901 221,198 150,787 77,559 a + Required: Using the information provided, complete the following liabilities section of Brook Company's balance no cells blank.be certain to enter "O" wherever required.) nces December 31, 2021 2022 2020 2023 Current liabilities Current portion of non-current debt Interest payable Non-current liabilities Long-term debt

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