E9-35B. Classifying notes payable as current or long-term (Learning Objective 5 & 6) 10-15 min. Bon Secour Medical Group borrowed $600,000 on July 1, 2010, by issuing a 14% 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 to show how Bon Secour would report its cur- rent and long-term liabilities. Current Liabilities: Current Portion of Long-Term Note Payable $ Interest Payable Long-Term Liabilities: Long-Term Note Payable 2010 December 31 2011 2012 $ $