On January 1, 2018, Kyla Company, a calendar-year company, issued $260,000 of notes payable, of which $65,000 is due on January 1 for each of the next four years. The proper statement of financial position presentation on December 31, 2018, is O 1) Non-current Liabilities, $160,000. 2) Current Liabilities, $160,000. 3) Current Liabilities, $95,000; Non-current Liabilities, $65,000. 4) Current Liabilities, $65,000; Non-current Liabilities, $195,000