On December 31,2019 , Sandy Company has a Note Receivable of $9000. The note will be collected in installments. $1800 is due on December 31,2020 and $1800 is due every year after December 31, 2020. The classification of the note on Sandy Company's balance sheet at December 31,2019 is: $1800 is a current asset and $7200 is a long-term asset. all $9000 is a long term asset. $7200 is a current asset and $1800 is a long-term asset. all $9000 is a current asset