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On January 2, 2020. Brook Company acquired machinery by Issuing a 4%, $350,000 note due in 5 years on December 31, 2024 Annual payments are
On January 2, 2020. Brook Company acquired machinery by Issuing a 4%, $350,000 note due in 5 years on December 31, 2024 Annual payments are $79,159 each December 31. The payment schedule is: Year 2020 2021 2022 2623 2024 Ainual Payment $79,159 79,159 79, 159 79,159 79,159 Principal Portion of Payment $65, 159 67,765 70, 476 73,295 73,305 Interest Portion of Payment $14,000 11,394 8,683 5,864 5,854 Principal Balance at Year End $284,841 217,076 146,600 73,305 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 libis Current portion of non-current debt Interest payable Non-current liabilities Long form debit
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