3. At December 31, 2019 Telmark Companmy owed bonds payable of $1,750,000 due on May 15, 2020. On March 1, 2020, Telemark borrowed S2,000,000 due February 28, 2021 and used the proceeds to repay the bonds. The Financial statements for 2019 are issued March 15, 2020. How much will Telmark show for Current liabilities and for Total liabilities? Current liabilities Total liabilities $1,750,000 b. S250.000 $2,000,000 c. $1,750,000 $3,750,000 d. $1,750,000 $1,750,000 SO