On January 1, 2018. Coronado Company, a calendar-year company, issued $610000 of notes payable, of which $152500 is due on January 1 for each of the next four years. The proper balance sheet presentation on December 31, 2018, is Current Liabilities, $457500; Long-term Debt, $152500 Current Liabilities, $610000. Long-term Debt. $610000 Current Liabilities, $152500; Long-term Debt, $457500