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please show all the work Additional information: The ( $ 60,000 ) note payable is an instaliment loan. ( $ 10,000 ) of the principal,
please show all the work
Additional information: The \\( \\$ 60,000 \\) note payable is an instaliment loan. \\( \\$ 10,000 \\) of the principal, plus \9 interost is due each July 1 until matunty. Unearned revenue relates to products that will ship in early 2021 REQUIRED: Questions \\( 1-4 \\) below relate to the information presented on the balance sheet of ABC as of December \\( 31,2020 \\). (1) What is the amount that would be reported as total current assets on the 2020 balance sheet? (2) What is the amount that would be reported as total current liabilies on the 2020 balance sheet? (3) What is the amount that would be reported as total shareholders' equity on the 2020 balance sheot? (4) What anount of interest payable would be reported on the 2021 balance sheet Step by Step Solution
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