On January 1, 2020, Sheridan Company, a calendar-year company, issued $1720000 of notes payable, of which $430000 is due on January 1 for each of the next four years. The proper balance sheet presentation on December 31, 2020, is:

A) Long-term debt, $1720000.

B) Current liabilities, $430000; Long-term Debt, $860000.

C) Current liabilities, $1720000.

D) Current liabilities, $430000; Long-term Debt, $1290000.