A not-for-profit hospital has a $180,000 loan that requires the following principal repayments during the last month of each respective fiscal year: FY 2019 = $75,000; FY 2020 = $50,000; FY 2021 = $35,000; and FY 2022 = $20,000. What amount would the organization show on its balance sheet as the current portion of notes payable as of the last day of FY 2020? (Select One) $20,000 $35,000 $50,000 $55,000 $75,000