Swifty owes $3.6 million that is due on February 28. The company borrows $3000000 on February 25 (5-year note) and uses the proceeds to pay down the $3.6 million note and uses other cash to pay the balance. How much of the $3.6 million note is classified as long-term in the December 31 financial statements?

$0.

$3600000.

$600000.

$3000000.