On January 1, 2022, Epic Corporation signed a $500,000, 6%, 5-year mortgage note that is payable in annual installments of $118,698 every January 1. On December 31, 2022, the unpaid principal balance should be reported as Select answer from the options below $500,000 current liability. $118,698 current liability and a $381,302 long-term liability. $88,698 current liability and a $411,302 long-term liability. $500,000 long-term liability