On December 31, 2020, Salem Co, has $5,000,000 of short-term notes payable due on March 1, 2021. On December 23, 2020, Salem arranged to borrow up to $4,000,000 from Ahli Bank which will be provided with an additional cash $1,000,000 and used to liquidate $5,000,000 of the short-term notes payable. If the statement of financial position issues on March 15,2021 . The amount of the shorteterm notes payable that should be excluded from current liabilities and classified as long-term liabilities on December 31,2020 , is: A. 50 . B. 54,000,000 C. $1,000,000. D. $5,000,000