include in the current liabilities section of its December 31, 2024, balance sheet? Multiple Choice $1,700,000 $1,180,000 $0 $520,000

On December 31. 2024. L Incorporated had a Sl.700.OCO rote payab'e outstanding. due July 31.202B. L borrcwled the money to finance construction ofa new plant. L planned to refinance the note by issuing long-term bands. Because L temporarily had excess cash. it prepaid "20.000 of the note on January 23. 2023 In February 2023. L completed 53200.000 band offering. L VIII use the bond offering proceeds to repay tine note payable at its maturity and to pay construction costs during 2025. On March 13. 2025. L issued its 2024 financial statements. What amount of the rote payable should L include in the current liabilities section of its December 31.2024. balance sheet? Multlple Cholce o Sl.18QOCO