Required: Use the information provided above, and complete the following liabilities section of Brook Company's balance sheet at December 31. Show all working.

Question 4: On schedule is January 2, 2014, Brook Company acquired machinery by issuing a 3% $360.000 note due n e years on December 31, 2017. Annual payments are $76,608 each December 31. The pa payment at Year-End $292,192 222,350 150,413 76,317 Principal Portion Interest Portion Principal Balance Annual Payment of Payrment $10,800 8,766 6,671 4,512 2,291 Year 2014 2015 2016 2017 2018 $78,608 78,608 78,608 78,608 78,608 of Payment 567,808 69,842 71,937 74,096 76,317 Company's baliane normation provided complete the folowing liabilities section of Brook sheet at December 31 December 31 2015 2014 2016 2017 Current liabilities: Current portion of long-term debt Interest payable Long-term liabilities Long-term debt