On December 31, 2019, Sandy Company has a Note Receivable of

$ 7 comma 500$7,500.

The note will be collected in installments.

$ 1 comma 500$1,500

is due on December 31, 2020 and

$ 1 comma 500$1,500

is due every year after December 31, 2020. The classification of the note on Sandy Company's balance sheet at December 31, 2019 is:

A.all

$ 7 comma 500$7,500

is a long term asset.

B.all

$ 7 comma 500$7,500

is a current asset.

C.

$ 6 comma 000$6,000

is a current asset and

$ 1 comma 500$1,500

is a

longminusterm

asset.

D.

$ 1 comma 500$1,500

is a current asset and

$ 6 comma 000$6,000

is a

longminusterm

asset.