Nettie Inc. signed a 4 year note for $40,000 on August 1, 2019. $10,000 is due each year with the first payment due on August 1, 2020. How will this be shown on the balance sheet at December 31, 2019? Group of answer choices

$40,000 will be recorded as a noncurrent liability 

$30,000 will be recorded as a noncurrent liability 

$40,000 will be recorded as a current liability 

$10,000 will be recorded as a noncurrent liability