Suppose Detweiler Technologies borrowed $2,000,000 on December 31, 2013, by issuing 4 percent long-term debt that must be paid in four equal annual installments plus interest commencing January 2, 2015.

Required
Insert the appropriate amounts in the following excerpts from the company's partial balance sheet to show how Detweiler Technologies should report its current and long-term liabilities for this debt.

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December 31, 2014 2015 2016 2017 Current liabilities Current portion of long-term debt Interest payable Long-term liabilities: Long-term debt