PART B 5 marks Kangaroo Ltd borrows $30,000 from the Island Bank on the 31st July 20X1. Instalments of $5,311 are made every six months to repay the loan over three years and interest calculated at 3.5% per annum compounded half yearly. The repayment schedule for the loan is provided below. Kangaroo Ltd financial year ends on 30th June. Instalment Instalmente Interest Date Paide Opening Loan Balance $e 30,000 Componente $e Principal Reduction $ Closing Loan Balance $e $4 28/1/X22 5,3112 5252 4,786 25,214 31/7/X2 25,2142 5,3112 441 4,870 20,3442 28/1/X3 20,3442 5,3112 356 4,9552 5,042 15,389 10,3472 31/7/X3 15,3892 5,3112 2692 28/1/X42 10,3472 5,3112 181 5,130 5,2172 31/7/X42 5,2172 5,308 912 5,2172 o Required: Determine the amount/s that would appear in the Balance Sheet of Kangaroo Ltd in respect of the loan as at the 30th June 20x2 and describe how they would be classified. Provide your answer in the text box below together with necessary calculations