Hilo Furniture Company ended the year 2018 with a note payable of $800,000 to Security Bank, due March 1, 2019. On January 10, 2019, Hilo paid $300,000. On March 1, 2019 Hilo included the balance of the first note in a new note payable for $1,000,000 due March 1, 2020. Financial statements for 2018 were issued April 1, 2019. 5. What amount of total liabilities will Hilo show at December 31, 2018? a. $800,000 b. $1,000,000 c. $500,000 d. $1,100,000 6. What amount of CURRENT liability will Hilo show on its December 31, 2018 Balance Sheet? a. $800,000 b. $500,000 c. $300,000 d. $1,000,000