Question 2 [5 points] On January 1, 2014, Courtland Corp borrowed $284,000 from the bank Interest is calculated at the rate of 10% and the term of the note is four years Four equal annual payments will be made in the amount of $89,594 each December 31 The payment schedule is shown below Year Annual Principal Portion of Interest Portion of Principal Balance at Payment Payment Payment Year-End 89,594 61,194 28,400 222 806 2015 89,594 67 313 22 281 155,493 2016 89,594 74,045 15,549 81.448 2017 89,594 81.448 8,146 0 2014 a) Show how Courtland Corp will show the note on the year-end December 31, 2014 balance sheet Liabilities Current Liabilities (Select one) Long Term Liabilities (Select one). b) Show how Courtland Corp will show the note on the year-end December 31, 2015 balance sheet Liabilities Current Liabilities Select one) Long Term Liabilities (Select one)