On January 1, 2010, Donahue Company, a Calendar-Year Company, Issued

On January 1, 2010, Donahue Company, a calendar-year company, issued $400,000 of notes payable, of which $100,000 is due on January 1 for each of the next four years. The proper balance sheet presentation on December 31, 2010, is

A) Current Liabilities, $400,000.
B) Long-term Debt , $400,000.
C) Current Liabilities, $100,000; Long-term Debt, $300,000.
D) Current Liabilities, $300,000; Long-term Debt, $100,000.