On December 31, 2021 Sycamore Company has outstanding bonds payable with a face value of $700,000,...

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On December 31, 2021 Sycamore Company has outstanding bonds payable with a face value of $700,000, discount on bonds payable of $60,000, and interest payable of $15,000. The bonds mature on January 1, 2025, and interest is payable on a semi- annual basis. What amounts will be reported in the current liabilities section and long-term liabilities section of the balance sheet for these bonds? O Current Liabilities: $15,000; Long-term liabilities: $640,000 O Current Liabilities: $15,000; Long-term liabilities: $760,000 Current Liabilities: $15,000; Long-term liabilities: $700,000 O Current Liabilities: $75,000; Long-term liabilities: $700,000 On December 31, 2021 Sycamore Company has outstanding bonds payable with a face value of $700,000, discount on bonds payable of $60,000, and interest payable of $15,000. The bonds mature on January 1, 2025, and interest is payable on a semi- annual basis. What amounts will be reported in the current liabilities section and long-term liabilities section of the balance sheet for these bonds? O Current Liabilities: $15,000; Long-term liabilities: $640,000 O Current Liabilities: $15,000; Long-term liabilities: $760,000 Current Liabilities: $15,000; Long-term liabilities: $700,000 O Current Liabilities: $75,000; Long-term liabilities: $700,000