On December 31, 2016, a note payable of $190,000 has installments of $47,500 due yeary, begining on December 31, 2017On December 31, 2016, how will the note payable be reported on the balance sheet? O A. $47,500 current liability and $142,500 long-term liability O B. $142,500 current liability and $47,500 long-term liability OC. $190,000 current liability D. $190,000 long-term liability