Show the statement of financial position presentation of the mortgage payable at June 30, 2022.

INTERACTIVE COMPUTER COMPANY Statement of Financial Position (Partial)
Current liabilities
		$
Non-current liabilities

Interactive Computer Company signed a 10-year, 5.50%, $900,000 mortgage on June 30, 2021, to help finance a new repair center. The mortgage terms provide for semi-annual payments of $59,105. Payments are due on December 31 and June 30. The companys year end is June 30.

(a)

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Prepare an instalment payment schedule for the first two years. (Round answers to the nearest whole dollar, e.g. 5,275.)

Semi-annual Interest Period		Cash Payment		Interest Expense		Reduction of Principal		Principal Balance
June 30, 2021								$
Dec. 31, 2021		$		$		$
June 30, 2022
Dec. 31, 2022
June 30, 2023