You have been asked to review the December 31, 2016, balance sheet for Champion Cleaning. After completing your review, you list the following three items for discussion with your superior:

1.	An investment of $45,000 is included in current assets. Management has indicated that it has no intention of liquidating the investment in 2017.
2.	A $250,000 note payable is listed as a long-term liability, but you have determined that the note is due in 10, equal annual installments with the first installment due on March 31, 2017.
3.	Deferred revenue of $105,000 is included as a current liability even though only two-thirds will be earned in 2017, and the other one-third in 2018.

Determine the appropriate amount and classification for each of these items