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On December 31, 2020, Mainstreet Inc. recognized a $100,000 note payable due on demand or on June 30, 2025, whichever is earlier, to First Bank.

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On December 31, 2020, Mainstreet Inc. recognized a $100,000 note payable due on demand or on June 30, 2025, whichever is earlier, to First Bank. The repayment of the note to First Bank is not expected at any point in 2021. How will the $100,000 note payable be classified on Mainstreet's December 31, 2020, balance sheet

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