You are completing a Balance sheet for the end of the year 2021. You completed the current liabilities and noncurrent liabilities sections. You have a skid-steer loader with a $40,000 loan, and 5% annual interest. A principal payment of $15,000 is due in the coming year. You made a payment of principal and interest back on April 1, 2021. Accordingly, interest has been accruing for 9 months from the last payment to the date of the balance sheet.

What is the amount of principal on this loan listed as a current liability on the balance sheet?

What is the amount of the noncurrent liability listed?

What is the amount of interest on this loan listed as a current liability on the balance sheet?