Mackey Company Has a 5-Year Mortgage for $100,000

Mackey Company has a 5-year mortgage for $100,000. In the first year of the mortgage, Mackey will report this liability as a:

A) current liability of $100,000.
B) long-term liability of $100,000.
C) current liability of $80,000 and a long-term liability of $20,000.
D) current liability of $20,000 and a long-term liability of $80,000.
E) current liability of $80,000 and a long-term debt of $20,000.