Hello, I was hoping someone could help with my accounting practice work.

On January 1, Manning Company purchased equipment of $260,000 with a long-term note payable. The debt is payable in annual installments of $52,000 due on December 31 of each year. At the date of purchase, how will Manning Company report the note payable? On the date of purchase, Manning will report the following 0 A. $260,000 will show as notes payable in the long-term liability section, with no current portion $104,000 as current portion of notes payable in the current liability section. The re main g $156 000 will show as a noes payable in t elongte n la bility C. $52.000 as current portion of notes payable in the current liability section. The remaining $208,000 will show as a notes payable in the long-term liability O D. None of the above