On December $31,2024,$ Gold Company had a $$1,500,000$ note payable outstanding, due September $30,2025.$ Gold borrowed the money to finance construction of a new building. Gold planned to refinance the note by issuing long$-$term bonds. Because Gold temporarily had excess cash, it prepaid $$500,000$ of the note on January $22,2025.$ In February $2025,$ Gold completed a $$3,000,000$ long term bond offering. Gold will use the bond offering proceeds to repay the note payable at its maturity and to pay construction costs during $2025.$ On March $22,2025,$ Holmes issued its $2024$ financial statements. What amount of the note payable should Gold include in the current liabilities section of its December $31,2024,$ balance sheet?

Multiple Choice

$$0.$

$$1,000,000.$

$$1,500,000.$

$$500,000.$