Wolfe Company has a? 5-year mortgage for $150,000 which requires 5 equal payments of principal plus interest. In the first year of the? mortgage, Wolfe will report this liability as? a:
A. current liability of $30,000 and a? long-term liability of $120,000.
B. current liability of $150,000.
C. ?long-term liability of $150,000.
D. current liability of $120,000 and a? long-term liability of $30,000.