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On January 2. 2020. Brook Company acquired machinery by issuing a 3%, $390,000 note due in 5 years on December 31, 2024 Annual payments are
On January 2. 2020. Brook Company acquired machinery by issuing a 3%, $390,000 note due in 5 years on December 31, 2024 Annual payments are $85,727 each December 31. The payment schedule is: Year 202e 2021 2e22 2023 2024 Annual Payment $85,727 85,727 85,727 85,727 85,727 Principal Portion of Payment $74,027 76,248 78,535 80, 891 80,299 Interest Portion of Payment $11,700 9,479 7,192 4,836 5,428 Principal Balance at Year-End $315,973 239,725 161, 190 80,299 @ Required: Using the information provided, complete the following liabilities section of Brook Company's balance sheet at December 31 (Leave no cells blank - be certain to enter "O" wherever required.) December 31, 2021 2022 2020 2023 Current liabilities Current portion of non-current debt Intres payable Non net labels Long-term de
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