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On January 1, 2020, Carla Vista Co, a calendar-year company, issued $812000 of notes payable, of which $203000 is due on January 1 for each

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On January 1, 2020, Carla Vista Co, a calendar-year company, issued $812000 of notes payable, of which $203000 is due on January 1 for each of the next four years. The proper balance sheet presentation on December 31, 2020, is: O Current liabilities, $609000; Long-term Debt, $203000. O Long-term debt, $812000 O Current liabilities, $203000; Long-term Debt, $609000. O Current liabilities, $812000

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