At Reilly Company's year end of September 30, 2021, the company has an instalment note payable with a total outstanding balance of $ 660,000 to be repaid evenly each month plus interest over the next 5 years. How much would Reilly report for this item on the September 30, 2021 balance sheet under non-current liabilities?

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The non-current liability portion is the amount due beyond the next 12 months. With $660,000 to be repaid over 5 years, $132,000 is due in the first year, leaving $528,000 as non-current.

At Reilly Company's Year End of September 30, 2021, the Company