View Policies Show Attempt History Current Attempt in Progress Wildhorse Lake Corp. issues a $582,000, 4-year, 5% note payable on March 31, 2021 The terms provide for fixed principal payments annually of $ 145,500 Prepare the journal entries to record the note on March 31, 2021, and the first payment on March 31, 2022. (Credit account titles are automatically Indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts:) Date Account Titles and Explanation Debit Credit Mar 31, 2021 Cash 582000 Notes Payable 582000 To record issuance of note) Mar 31, 2022 Notes Payable 145500 Interest 29100 Cast 174600 To record payment annotel Show the balance sheet presentation of the current and non-current liability related to the note as at March 31, 2022 WILDHORSE LAKE CORP. Balance Sheet (Partial) For the Year Ended March 31, 2022 Non Current Elabilities Notes Payable 291000 Current Labs Notis Payable 345509