Hoover Company signs a four month promissory note for $270,000 on January 31, 2016. The $67,500 on the note each month. The first payment is on February 1, 2016 will this note be reported on the balance sheet at January 31. 2016? company is required to pay , and the final payment is on May 1, 2016. Hovw O A. current liability, $270,000 O B. long-term liability, $202,500 C. long-term liability, $270,000 O D. current liability, $67,500; long-term liability, $202,500 Click to select your answer. ejia e c 7:25 PM ENG 725 PM