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Question 18 The following instalment payment schedule is for an instalment note payable: Reduction Cash Interest of Principal Interest Period Payment Expense Principal Balance Jan

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Question 18 The following instalment payment schedule is for an instalment note payable: Reduction Cash Interest of Principal Interest Period Payment Expense Principal Balance Jan 1, 2021 $34,400 Jan 1, 2022 $10,320 $1,720 $8,600 25,800 Jan 1, 2023 9,890 1,290 8,600 17,200 Jan 1, 2024 9,460 860 3,600 8,600 Jan 1, 2025 9,030 430 8,600 0 (0) What are the non-current and current portions of the note at December 31, 2021? (11 an answer is zero, please enter 0. Do not leave any fields blank.) Current portion of note payable Non-current portion of note payable

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