At December 31, 2017, Flounder Corporation owes $459, 500 on a note payable due February 15, 2018. If Flounder refinances the obligation by issuing a long-term note on February 14 and using the proceeds to pay off the note due February 15, how much of the $459, 500 should be reported as a current liability at December 31, 2017? The amount to be reported as a current liability at December 31, 2017 If Flounder pays off the note on February 15, 2018, and then borrows $919,000 on a long-term basis on March 1, how much of the $459, 500 should be reported as a current liability at December 31, 2017, the end of the fiscal year? The amount to be reported as a current liability at December 31, 2017