On 1 March 2017, ABC Ltd. issued a 6% p.a. long-term note payable for $20,000. It is payable over a 5-year term in $4,000 annual principal payments plus interests on 1 March of each year. The following statements pertain to the balance sheet dated 31 December 2017, but only one of them is correct. Which one? a) $20,000 is shown as a current liability b) $4,300 is shown as current liability. c) $20,000/ is shown as long-term liability. d) $1,200 is shown as interest payable. e) $4,000 is shown as Note Payable