Question 2 of 6 -/3.5 View Policies Current Attempt in Progress On July 1, 2020, Coronado Ltd borrowed $14,500 by signing a two-year, 3% note payable. The note is payable in two annual instalments of $7,578 on June 30. The company records adjusting journal entries annually at year end on December 31 Prepare an instalment payment schedule for the term of the note. (Round answers to the nearest whole dollar, c.9. 5.255.) Annual Interest Period July 1. 2020 Cash Payment Interest Expense Reduction of Principal Principal B $ June $ $ $ 30. 2021 June 30. 2022 Assignment Ch 10 Question 2 of 6 -/3.5 Record (1) the receipt of the $14,500 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, c.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 Credit 2020 Debit 2021 14 tv What amounts would Coronado 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 dollares. 5.255.) CoronadoLtd. Statement of Financial Position (Partial) $ List of Accounts What amount would Coronado report as current and non-current in the abilities section of its statement of financial position on December 31, 2021? (Round answers to the nearest whole dollar, es 5.255) CoronadoLtd Statement of Financial Position (Partial) List of Accounts