At December $31,2020,$ Novak Corporation owes $$453,500$ on a note payable due February $15,2021.$

$($a$)$

If Novak had restructured the note on December $15,2020,$ such that Novak has the contractual right to defer payment of $$226,750$ of the note until February $15,2022,$ how much of the $$453,500$ should be reported as a current liability at December $31,2020?$

The amount to be rep as a current liability at December $31,2020$ $

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$($b$)$

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