Suppose Detweiler technologies borrowed $2,000,000 on December 31, 2016, by issuing 4 percent long-term debts that must be paid in four equal annual instalments plus interest on the outstanding balance commencing January 2, 2018.

Required

Insert the appropriate amounts in the following excerpts from the company's partial balance sheet to show how Detweiler technologies should report its current and long-term liabilities for this debts.

current liabilities 2017/2018/2019/2020

current portion of long-term debt2017/2018/2019/202

interest payable-2017/2018/2019/2020

long-term liabilities

long-term debt2017/2018/2019/2020

current portion of long-term debt

2017: current portion of long-term debt,$500,000; interest payable,$80,000