Marin Company issued a five-year interest-bearing note payable for $242000 on January 1,2026. Each January...

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Accounting

Marin Company issued a five-year interest-bearing note payable for $242000 on January 1,2026. Each January the company is required to pay $48400 on the note. How will this note be reported on the December 31,2027, balance sheet?
Long-term debt, $145200; Long-term Debt due within one year, $48400
Long-term debt of $193600; Long-term Debt due within one year, $48400
Long-term debt, $193600
Long-term debt, $242000
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