These items are taken from the financial statements of Longhorn Co. at December 31, 2019. Buildings Accounts receivable Prepaid insurance Cash Equipment Land Insurance expense Depreciation expense Interest expense Common stock Retained earnings (January 1, 2019) Accumulated depreciation --- buildings Accounts payable Notes payable Accumulated depreciation --- equipment Interest payable Service revenue Dividend $ 105,800 12.600 3,200 10,840 82,400 61,200 780 5,300 2,600 60,000 40,000 45,600 9,500 93,600 18,720 3,600 14,700 1,000 Required: Prepare a classified balance sheet for Longhom Co. as of December 31, 2019. Assume that $13,600 of the note payable will be paid in 2020 and explain in no more than 40 words whether this is a current liability or non-current liability