Hilton Company Issued a Four-Year Interest-Bearing Note Payable for $300,000

Hilton Company issued a four-year interest-bearing note payable for $300,000 on January 1, 2009. Each January the company is required to pay $75,000 on the note. How will this note be reported on the December 31, 2010 balance sheet?

A) Long-term debt, $300,000.
B) Long-term debt, $225,000.
C) Long-term debt, $150,000; Long-term debt due within one year, $75,000.
D) Long-term debt, $225,000; Long-term debt due within one year, $75,000.

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