The following are selected 2020 transactions of Oriole Corporation. Sept. Purchased inventory from Encino Company on account for $58,800 Oriole records purchases gross and uses a uses a periodic inventory system 1 Issued a $58,800, 12-month, 8% note to Encino in payment of account. 1 Oct. Oct 1 Borrowed $58,800 from the Shore Bank by signing a 12 month, zero-interest-bearing $61.760 note. Compute the total net liability to be reported on the December 31 balance sheet for: (1) The interest-bearing note $ 59976 (2) The zero-interest-bearing note $ 59976