Sheffield Luxuries Company issued a four$-$year interest$-$bearing note payable for $$614000$ on January $1,2022.$ Each January the

company is required to pay $$153500$ on the note. How will this note be reported on the December $31,2023$ balance sheet?

Long$-$term debt, $$614000.$

Long$-$term debt, $$460500.$

Long$-$term debt, $$307000$; Long$-$term debt due within one year, $$153500.$

Long$-$term debt, $$460500$; Long$-$term debt due within one year, $$153500.$