Question 45 View Policies Current Attempt in Progress Only 1 2020, a company borrows $500.000 under a long term loan. The $500.000 will be paid back in the annual instalments of $100.000 each, starting on une 30, 2021. What will be the company's long term loan balance shown in the long-term section of its statement of financial position at December 31, 2021? $400.000 $350.000 $300.000 Cannot tell as the interest rate on the loan has not been provided