Rizzo Corporation had the following balances at December 31, 2020:

Property, plant, and equipment$1,255,000Goodwill$212,000Interest payable6,000Common stock5,000Line of credit, due on demand120,000Prepaid insurance24,000Customer list35,000Accounts payable50,000Additional paid-in capital545,000Retained earnings December 31, 2019410,000Salaries payable12,000Accumulated depreciation145,000Cash and cash equivalents85,000Accounts receivable, net120,000Pension liability65,000Accumulated other comprehensive loss5,000Inventory436,000Note payable, due in annual installments of $25,000 plus interest on December 31675,000Land held for future expansion136,000

Net income for 2020 totaled $325,000. The company declared dividends of $50,000 on December 15, 2019.

How much did Rizzo Corporation report as Current liabilities and Long-term liabilities, respectively, in its classified 2020 Balance sheet?

Question 6 options:

$68,000; $860,000$253,000; $675,000$213,000; $715,000$188,000; $740,000