On December 31, 2024, L Incorporated had a $1,500,000 note payable outstanding, due July 31,2025 . Lborrowed the money to finance construction of a new plant. L planned to refinance the note by issuing long-term bonds. Because L temporarily had excess cash, it prepaid $500,000 of the note on January 23, 2025. In February 2025, L completed a $3,000,000 bond offering. L will use the bond offering proceeds to repay the note payable at its maturity and to pay construction costs during 2025. On March 13, 2025, L issued its 2024 financial statements. What amount of the note payable should L include in the current liabilities section of its December 31,2024 , balance sheet? Muttigle Choice $500,000 $1,000,000 $0 $1,500,000