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The following instalment payment schedule is for an instalment note payable: Reduction Cash Interest of Principal Interest Period Payment Expense Principal Balance Jan. 1, 2021
The following instalment payment schedule is for an instalment note payable: Reduction Cash Interest of Principal Interest Period Payment Expense Principal Balance Jan. 1, 2021 $48,000 Jan. 1, 2022 $14,400 $2,400 $12,000 36,000 Jan. 1, 2023 13,800 1,800 12,000 24,000 Jan. 1, 2024 13,200 1,200 12,000 12,000 Jan. 1, 2025 12,600 600 12,000 0 What are the non-current and current portions of the note at December 31, 2024? (If an answer is zero, please enter O. Do not leave any fields blank.) Current portion of note payable Non-current portion of note payable +A $ +A 12,000
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