Eagle Company is a calendar-year company. At the start of the current year, it issued a $1,000,000 notes to a bank. Eagle Companymust pay the bank $200,000 plus interest each January 1 for the next five years starting at the beginning of next year. The company will report the note payable on its current year's balance sheet as

Long-term debt, $1,000,000.

Current liabilities, $200,000; Long-term Debt, $800,000.

Current liabilities, $1,000,000.

Current liabilities, $500,000; Long-term Debt, $500,000.

Current liabilities, $800,000; Long-term Debt, $200,000.