On January 1, Lewis Company purchased equipment of $180,000 with a long-term note payable. The debt is payable in annual installments of $36,000 due on December 31 of each year. At the date of purchase, how will Lewis Company report the note payable? section On the date of purchase, Lewis will report the following: O A. $36.000 as current portion of notos payable in the current liability section. The remaining S144,000 will show as a nates payable in the long-term liability 8. $180,000 will show as notes payable in the long-term lobility section, with no current portion OC. $72,000 as current portion of notes payable in the current liability section. The remaining S108,000 will show as a notos payable in the long-term fiability section OD. None of the above