3.On January 1,2014, Howard Company, a calendar-year company, issued $800，000 of notes payable, of which $200,000 is due on January 1 for each of the next four years. The proper statement of financial position presentation on December 31’ 2014’ is
(A)Current Liabilities, $800,000.
(B)Long-term Debt, $800，000.
(C)Current Liabilities, $400,000; Long-term Debt, $400,000.
(D)Current Liabilities, $200,000; Long-term Debt, $600，000.