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The following selected liabilities of Blues Company were outstanding on December $31,2020.$

$$50,000,$ ten$-$year, $10\%$ note payable, originating September $30,2011.$ Sufficient cash is expected to be available to retire the note at maturity.

On December $31,2020,$ Blues Company had a $$100,000$ note payable with First Choice Bank due January $15,2025.$ The loan agreement with First Choice Bank requires Blues Company to maintain a minimum current ratio of $1\mathrm{.}5$ for each monthly reporting period, with a one$-$month grade period allowed to cure any violations. On December $31,2020,$ Blues Company's current ratio slips to $1\mathrm{.}25$ assuming a classification of the note payable as long$-$term. On January $31,2021,$ the current ratio is $1\mathrm{.}6.$

Blues Company borrowed $$100,000$ through a $7\%$ note payable dated December $31,2016.$ Interest is due annually on December $31,$ and the principal is due on December $31,2021.$ The note will be paid on December $2021,$ with amounts Blues Company accumulated in a long$-$term investment fund classified as a long$-$term asset.

Blues Company uses cash to pay a $$30,000$ short$-$term note in February $2021.$ Blues Company subsequently issues a long$-$term note payable for $$30,000$ before the $2020$ financial statements are issued.

Which of the above should be reported as a noncurrent liability on the balance sheet dated December $31,2020?$

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