18. Saturn Bedding and Linens secured a $750,000, five- year, 4% note payable on January 1. The loan will be repaid using blended monthly payments with a fixed monthly principal payment of $12,500. Which of the following represents how the loan will be reflected on statement of financial position at the end of the first year?

-Please see the following information:

Current portion long-term debt

Long-term liabilities note payable

$300,000

$450,000

-Please see the following information:

Current portion long-term debt

Long-term liabilities note payable

$0

$750,000

-Please see the following information:

Current portion long-term debt

Long-term liabilities note payable

$600,000

$0

-Please see the following information:

Current portion long-term debt

Long-term liabilities note payable

$150,000

$450,000