The following are selected 2025 transactions of Wildhorse Corporation. Sept.1 Purchasedinventory from Encino Company on account for $51,000. Wildhorse records purchases gross and uses a periodic inventory system. Oct.1 Issued a $51,000,12-month, 8% note to Encino in payment of account. Oct.1 Borrowed $51,000 from the Shore Bank by signing a 12-month, zero-interest-bearing $55,080 note. 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