On January 1, 2021, Donahue Company, a Calendar-Year Company, Issued

On January 1, 2021, Donahue Company, a calendar-year company, issued $600,000 of notes payable, of which $150,000 is due on January 1 for each of the next four years.The proper balance sheet presentation on December 31, 2021, is

A) Current liabilities, $600,000.
B) Long-term debt , $600,000.
C) Current liabilities, $150,000; Long-term debt, $450,000.
D) Current liabilities, $450,000; Long-term debt, $150,000.