Question 2 of 6 0.67/1 Your answer is correct. Record (1) the receipt of the $20,500 cash and the issue of the note on July 1, 2020; (2) the accrual of interest on December 31, 2020; (3) the first payment on June 30, 2021; and (4) the accrual of interest on December 31, 2021. (Round answers to the nearest whole dollar, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Date Account Titles and Explanation Debit Credit 2020 July 1 Cash 20500 Notes Payable 20500 Dec. 31 Interest Expense 410 Interest Payable 410 2021 June 30 Interest Expense 410 Interest Payable 410 Question 2 of 6 > 0.67 / 1 III Your answer is partially correct. What amounts would Crane report as current and non-current in the liabilities section of its statement of financial position on December 31, 2020? (Round answers to the nearest whole dollar, e.g. 5,255.) Crane Ltd. Statement of Financial Position (Partial) December 31, 2020 Current Liabilities Interest Payable $ 410 Non-Current Liabilities Notes Payable