On January 1, 2017, Sunland Company, a calendar-year company, issued $1008000 of notes payable, of which $252000 is due on January 1 for each of the next four years. The proper balance sheet presentation on December 31, 2017, is: Current liabilities, $1008000. Current liabilities, $756000; Long-term Debt, $252000. Long-term debt, $1008000. Current liabilities, $252000; Long-term Debt, $756000