Please help provide current and longterm portions on $12/31/10$ as well as journal entrys. $$ In testing receivables, we discovered that a portion of the account receivable balance relates to

an installment note which requires fixed payments of $$5,509\mathrm{.}80$ every December $31$st$.$ The note

bears interest at $4\%$ and when the final payment is received, the note balance will be collected

in full. The carrying value of this installment note at the end of Year $10$ after the $12/31$ payment

totaled $$20,000.$ Four payments remain until the note is collected in full. The note should be

reported separately from accounts receivable.