As of December $31,20$X$1,$ Mantua Company has the following three loans payable scheduled to be repaid in February $20$X$2.$

Loan A: Loan A is for $$10,000.$ Mantua intends to repay Loan A when it comes due in February $20$X$2.$ In September $20$X$2,$ Mantua intends to get a new loan for $$8,000$ from the same bank.

Loan B: Loan B is for $$15,000.$ Mantua intends to refinance Loan B$.$ The refinancing contract, for $$18,000,$ will be signed in May $20$X$2,$ after the financial statements for $20$X$1$ have been released.

Loan C: Loan C is for $$20,000.$ Mantua intends to refinance Loan C for $$20,000$ before it comes due in February. The actual refinancing, for $$17,500,$ took place in January $20$X$2,$ after the end of the $20$X$1$ fiscal year, but before the financial statements for $20$X$1$ have been released.

As of December $31,20$X$1,$ what is the amount of TOTAL CURRENT LOANS PAYABLE for Mantua Company?

$$17,500$

$$27,500$

$$25,000$

$$45,000$