On January 1, 2020, Ammo Company, a calendar-year company, issued $900,000 of notes payable, of which $225,000 is due on January 1 for each of the next four years. The proper balance sheet presentation on December 31, 2020 is A Current liabilities, $900,000. B Long-term debt, $900,000. C Current liabilities, $225,000; Long-term Debt, $675,000. D Current liabilities, $675,000; Long-term Debt, $225,000