Coyote Company has a note payable for $$100,000$ which requires $4$ equal annual payments

of principal plus interest. In the first year of the note, Coyote will report this liability as a:

long$-$term liability of $$100,000$

current liability of $$100,000.$

current liability of $$75,000$ and a long$-$term liability of $$25,000.$

current liability of $$25,000$ and a long$-$term liability of $$75,000.$