On December 31, 2017, Sandy Company Has a Note Receivable

On December 31, 2017, Sandy Company has a Note Receivable of $5000. The note will be collected in installments. $1000 is due on December 31, 2018 and $1000 is due every year after December 31, 2018. The classification of the note on Sandy Company's balance sheet at December 31, 2017 is:

A) all $5000 is a current asset.
B) all $5000 is a long term asset.
C) $1000 is a current asset and $4000 is a long-term asset.
D) $4000 is a current asset and $1000 is a long-term asset.