Cali, Inc., had a $4,000,000 note payable due on March 15, 2002. On January 28, 2002, before the issuance of its 2001 financial statements, Cali issued long-term bonds in the amount of $4,500,000. Proceeds from the bonds were used to repay the note when it came due. How should Cali classify the note in its December 31, 2001, financial statements? a. As a current liability, with separate disclosure of the note refinancing b. As a current liability, with no separate disclosure required. C. As a noncurrent liability, with separate disclosure of the note refinancing. d. As a noncurrent liability, with no separate disclosure required