On September 1 2019, Fernandez Hair Salons borrowed $30,700 A portion of the loan is to be paid back each year on September 1 as follows in 2020, $10,000; in 2021, $6,000 in 2022 $5,200, in 2023, S5 000 and in 2024 $4 500. Interest of 3 percent on the outstanding amount is paid on August 31 each year At December 31, 2019, Fernandez Hair Salons reported the long-term debt payable as follows E (Click the icon to view the long-term debt payable information.) Assuming the company makes the loan repayments as scheduled show how Fernandez Hair Salons would report its loan liability on the year-end balance sheet one year later-December 31, 2020 Show how Fernandez Hair Salons would report its loan liability on the year-end balance sheet for December 31, 2020 Current Liabilities (in part) Portion of long-term debt due within one year Interest payable Long-Term Liabilities (in part) Long-term debt Sall 0 Long-term Debt Payable - X 2020 e Current Liabilities (in part) Portion of long-term debt due within one year Interest payable $ 10,000 307 Long-Term Liabilities (in part) Long-term debt $ 20,700 Print Done