On January $1,2025,$ Sunland Company, a calendar$-$year company, issued $$2060000$ of notes payable, of which $$515000$ is due on January $1$ for each of the next four years. The proper balance sheet presentation on December $31,2025,$ is

Long$-$term debt, $$2060000.$

Current liabilities, $$2060000.$

Current liabilities, $$515000$; Long$-$term Debt, $$1545000.$

Current liabilities, $$515000$; Long$-$term Debt, $$1030000.$