On January 1, 2007, Dunnon Company, a calendar-year company, issued $600,000 of notes payable, of which $200,000 is due on January 1 for each of the next three years. The proper balance sheet presentation on December 31, 2007, is O a. Current Liabilities, $600,000. O b. Long-term Debt, $600,000. O c. Current Liabilities, $200,000; Long-term Debt, $400,000. d. Current Liabilities, $150,000; Long-term Debt. $450,000