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RCES Exercise 10-25 Culver Corporation issued a $58,000, 11%, 2018 10-year installment note payable on January 1, 2017. Payments of $9, 848 are made each

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RCES Exercise 10-25 Culver Corporation issued a $58,000, 11%, 2018 10-year installment note payable on January 1, 2017. Payments of $9, 848 are made each January 1, beginning January 1 9 (a) What amounts should be reported under current liabilities related to the note on December 31, 2012n (b) What should be reported under long-term liabilities? (Round answers to o decimal places, e.g. 5,275.) CULVER CORPORATION

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