Question 6 3 points Save Answer Piper Company has an outstanding note payable of $3 million due on February 28. Piper borrows $3.5 million on January 15 (5-year note) and uses the proceels to pay off the $3 milion note payable. How much of the $3 million note payable is excluded from current liabilities on the December 31 financial statements? $3,500,000 $500,000 50 $3,000,000