At December 31, Year 1, Telemark Co. owed notes payable of $1,750,000, due on May15, Year2. Telemark expects to retire this debt with proceeds from the sale of 100,000 shares of its common stock. The stock was sold for $15per share on March10, Year2, prior to the issuance of the year-end financial statements. In Telemarks December31, Year1, balance sheet, what amount of the notes payable should be excluded from current liabilities?A.$1,500,000B.$250,000C.$0D.$1,750,000