Multiple Choice Question 77 On January 1, 2020, Sheffield Company, a calendar-year company, Issued $914000 of notes payable, of which $228500 is due on January 1 for each of the next four years. Ignoring interest, the proper balance sheet presentation on December 31, 2020, Is O Current Liabilities, $457000; Long-term Debt, $457000. O Long-term Debt, $914000. O Current Liabilities, $228500; Long-term Debt, $685500.. Current Liabilities, $914000. Click if you would like to Show Work for this question: Open Show Work