On December $30,2017,$ a company issued a note payable of $$50,000,$ of which $$10,000$ will be repaid each year. What is the proper classification of this note on the December $31,2017$ balance sheet?

$$50,000$ long$-$term liability

$$10,000$ long$-$term liability; $$40,000$ current liability

$$50,000$ current liability

$$10,000$ current liability: $$40,000$ long$-$term liability