E connect ACCOUNTING Ch. 13 Test 5. 10.00 points MC Qu. 62 LO 13-04 On December 31, 2016, L Inc. had.. On December 31, 2016, L Inc. had a $2.200,000 note payable outstanding, due July 31 2017. L borrowed the money to finance construction of a new plant L planined to refinance the note by issuing long term bonds. Because L temporarily had excess cash, it prepaid $570000 of the note on January 23, 2017 In February 2017, L completeo a $3,700,000 bond offering, L will use the bond offering proceeds to repay the note at its maturity and to pay construction costs during 2017 On March 13, 2017, L issued its 2016 financiai statements. What amount of the note payable shoutd L inctude in the current liabilities section of its December 31, 2016, balance sheet? O $2 200000. O $570000 O $1630.0o0 Multlple Choice Mc G 62 LO 13-04 on December 31, 2016. L inc has TOSHIBA esc 2 4 5