Question 12 0/2 pts Exodus Company reported the following liability balances on December 31, 2020: 12% note payable issued on October 1, 2019 maturing on October 1, 2021 ---- 3,000,000 8% note payable issued on March 1, 2019 maturing on March 1, 2021 1,500,000 On December 31, 2020, the entire P1,500,000 balance of the 8% note payable was refinanced on a long-term basis. The 2020 financial statements were issued on March 31, 2021. The entity has the discretion to refinance the 12% note payable for at least twelve months after December 31, 2020. What amount of the notes payable should be classified as non-current on December 31, 2020?