n September 1, 2020, Foxtrot Tech issued a $1,800,000, 10% note payable to Elwood Bank, with three equal annual principal repayments of $600,000 plus accrued interest. Foxtrot made its first interest and principal payment on September 1, 2021. How would this note be shown on the statement of financial position (SFP) on December 31, 2021? Select answer from the options below Current Portion of Long-term Notes Payable, $600,000; Interest Payable, $40,000; Long-term Notes Payable, $600,000 Long-term Notes Payable, $1,200,000; Interest Payable, $40,000 Long-term Notes Payable, $1,240,000 Current Portion of Long-term Notes Payable, $640,000; Long-term Notes Payable, $600,000