Answer:
c) Current liabilities, $450,000; Long-term Debt, $1,350,000.
Explanation:
The presentation of the long term liabilities of the balance sheet is presented below:
Liabilities section
Current liabilities
Note payable $450,000
Long term liabilities
Remaining balance $1,350,000
Total liabilities $1,800,000
Since the note payable is due for four years for $450,000 each so it shows the current liabilities and the remaining balance is transferred to the long term liabilities
