Classifying Refinanced Debt

Maple Co$.$ has a $$50,000,5\%,10-$year note issued July $31$ of Year $1.$

a$.$ How will the $$50,000$ be classified on the balance sheet at December $31$ of Year $10?$

Answer $1$Current assetLong$-$term assetCurrent liabilityLong$-$term liabilityStockholders' equity

b$.$ If the $$50,000$ is refinanced into a five$-$year note on January $31$ of Year $11($before the Year $10$ financial statements are issued$),$ how will the $$50,000$ note payable be classified on the balance sheet at December $31$ of Year $10?$

Answer $2$Current assetLong$-$term assetCurrent liabilityLong$-$term liabilityStockholders' equity