On January 1, 2017. Wildhorse Co., a calendar-year company, issued $846000 of notes payable, of which $212000 is due on January 1 for each of the next four years. The proper balance sheet presentation on December 31, 2017, is: Current liabilities, $212000; Long-term Debt, $634000. O Current liabilities, $846000. Long-term debt, 5846000, Current liabilities. $634000; Long-term Debt, $212000