You have been asked to review the December 31, 2021, balance sheet for Champion Cleaning. After completing your review, you list the following three items for discussion with your superior:

1. An investment of $44,000 is included in current assets. Management has indicated that it has no intention of liquidating the investment in 2022.
2. A $240,000 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, 2022.
3. Deferred revenue of $102,000 is included as a current liability even though only two-thirds will be recognized as revenue in 2022, and the other one-third in 2023

Determine the appropriate classification of each of these items.