You have the following information for Yoman Inc. liabilities at fiscal year end Dec. 31, 2017 reported (in $ thousands).

	($ 000s)		($ 000s)
Accounts payable	$ 74,639	Long-term debt*	$ 560,000
Accrued liabilities	18,850	Unearned revenue	60,475
Payroll tax expense	1,566	Dividends payable	10,480
Income taxes payable	25,427	Accumulated Depreciation	122,184
Notes Payable, 3-month	145,065	Interest Payable	20,350
Other Information * Long-term debt is the balance of a 6-year, 4.5% p.a. installment loan. Yoman borrowed $840 million on March 30, 2015. Equal installments and interest are due annually on April 1 each year.

Required

i) Prepare the liabilities section of Yoman's statement of financial position.

ii)How much of the total interest payable ($20,350) relates to the installment loan?

Operating Line of Credit

What is an operating line of credit? Briefly explain how it benefits a firm.

How does a firm account for an operating line of credit?

Why is information about a firms line of credit important to investors?