The following are selected $2025$ transactions of Marin Corporation.

Sept. $1$ Purchased inventory from Encino Company on account for $$61,500.$ Marin records purchases gross and uses a periodic inventory system.

Oct. $1$ Issued a $$61,500,12-$month, $8\%$ note to Encino in payment of account.

Oct. $1$ Borrowed $$61,500$ from the Shore Bank by signing a $12-$month, zero$-$interest$-$bearing $$66,420$ note.

$($a$)$

$($b$)$

$($c$)$

Your answer is partially correct.

Compute the total net liability to be reported on the December $31$ balance sheet for:

$(1)$ The interest$-$bearing note

$ $$

$(2)$ The zero$-$interest$-$bearing note

$