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Suppose that Ivanhoe issued a five-year interest-bearing note payable for $265000 on January 1,2024 . Each January the company is required to pay $53000 on

image text in transcribed Suppose that Ivanhoe issued a five-year interest-bearing note payable for $265000 on January 1,2024 . Each January the company is required to pay $53000 on the note. How will this note be reported on the December 31,2025 balance sheet? Long-term debt, $159000; Long-term Debt due within one year, $53000 Long-term debt, $265000 Long-term debt, $212000 Long-term debt of $212000; Long-term Debt due within one year, $53000

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