The company borrowed $$500,000$ by signing a four$-$year $8\%$ note on January $1^{st}$ this year. The company will make principal payments of $$125,000$ each year plus accrued interest. On December ${31}^{st}$ of this year the company pays $$165,000$ principal payment plus $$40,000$ in accrued interest. After making the payment the accountant prepares their balance sheet, at what amount will they report as a current liability for this borrowing? $ $q,$