MillCo borrowed $$400,000$ on $\frac{1}{1}\frac{?}{20x1}$ to be repaid in four annual $$100,000$ payments beginning on $\frac{1}{1}\frac{?}{20}2($and each January $1$ to follow until repaid$).$ In addition to the $$100,000,$ each payment will also include accrued interest at $12\frac{\%}{?}$ year.

On the $\frac{12}{31}\frac{?}{20}1$ balance sheet, what is the total dollar amount of current liabilities associated with this borrowing?

Select one:

a$.$ $$40,000$

b$.$ $$140,000$

C$.$ $$148,000$

d$.$ $$448,000$

e$.$ $$100,000$