On 1 July, 2008, Riviera Manufacturing Co. issued a five-year note payable with a face amount of $250,000 and an interest rate of 10%. The terms of the note require Riviera to make five annual payments of $50,000 plus accrued interest, with the first payment due on June 30, 2009. With respect to the note, the current liabilities section of Riviera's December 31, 2008, balance sheet should include: A. $12,500 B.$50,000 C. $62,500 D. $75,000