Tazo Inc. signed a $30,000 9% 15-year installment note on December 1, 2014. The mote requires quarterly payments of $500 plus interest on March 1, June 1, September 1, and December 1 of each year. How will Budget Auto classify this loan on its December 31, 2014 Balance Sheet? A. Current Portion of Long - term debt, $1,000; Long - term debt, $29,000 B. Current Portion of Long - term debt, $500; Long - term debt, $29, 500 C. Current Portion of Long - term debt, $1, 500; Long - term debt, $28, 500 D. Current Portion of Long - term debt, $2,000; Long - term debt, $28,000