9-24A. Classifying notes payable as current or long-term (Learning Objectives 5 \& 6) 10-15 min. Seattle Physicians Group borrowed $300,000 on July 1, 2018, by issuing a 6 percent long-term note payable that must be paid in three equal annual installments, plus interest, each July 1 for the next three years. Requirement 1. Insert the appropriate amounts below to show how Seattle Physicians Group would report its current and long-term liabilities