The chief accounting officer of Giffen Productions Ltd. is considering how to report long-term notes at March 31, 2020. The company’s financial accountant has assembled the following information about their long-term notes payable:

Note 5: Long-Term Debt
Total ....................................................... $2,400,000
Less: Current portion ............................... 300,000
Less: Unamortized discount ...................... 16,000
Long-term debt .................................... $2,084,000

None of the unamortized discount relates to the current portion of long-term debt. Show how Giffen Productions Ltd.’s balance sheet would report these liabilities.