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25) Included in Jets Company's liability account balances December 31, 2019 were the following: 14% note payable issued, October 1, 2015, maturing September 30, 2020 2,500,000 16% note payable issued, October 1, 2019 payable in six equal semi-annual installments of 4,800,000 P800,000 every April 1 and October 1, beginning April 1, 2020 Jets Company's December 31, 2019 financial statements were issued on March 31, 2020. On March 10, 2020, Jets Consummated a non-cancellable agreement with the lender to refinance the 14% P2,500,000 note on a long-term basis, on readily determinable terms that have not yet been implemented. On the December 31, 2019 statement of financial position, what amount of the notes payable should Jets classify as current liabilities? (Disregard any amount of accrued interest as of December 31, 2019) 2,500,000 C. 4,100,000 3,300,000 D. 1,600,000 A B