On January 1, 2020, Keisler 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 O 1) Current liabilities, $900,000. 2) Long-term debt, $900,000. 3) Current liabilities, $225,000; Long-term Debt, $675,000, 4) Current liabilities, $675,000; Long-term Debt, $225,000