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On July 1, 2020, Swifty Ltd. borrowed $20,000 by signing a two-year, 3% note payable. The note is payable in two annual instalments of $10,452

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On July 1, 2020, Swifty Ltd. borrowed $20,000 by signing a two-year, 3% note payable. The note is payable in two annual instalments of $10,452 on June 30. The company records adjusting journal entries annually at year end on December 31. (d) What amount would Swifty report as current and non-current in the liabilities section of its statement of financial position on December 31, 2021? (Round answers to the nearest whole dollar, e.g. 5,255.) SwiftyLtd. f Financial Position (Partial) 2021 Total Non-Current Liabilities Non-Current Liabilities Total Current Liabilities Current Liabilities $

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