D Question 9 3.45 pts On December 31, 2020, Pete Corporation has a note receivable of $20,000. The principal of the note will be collected in annual installments of $5,000 beginning on July 1, 2021 and continuing for a total of 4 years. The classification of the note on Pete Corporation's balance sheet on December 31, 2020 is: $5,000 is a current asset and $15,000 is a long-term asset. O $15,000 is a current asset and $5.000 is a long-term asset. $20,000 is a current asset. a $20,000 is a long-term asset