WD-40 Company, the manufacturer and marketer of WD- \(40^{\circledR}\) lubricant, reported the following information about its long-term debt in the notes to a recent financial statement:

a. How much of the notes payable was disclosed as a current liability on the August 31, 2005, balance sheet?

b. How much did the total current liabilities change between 2004 and 2005 as a result of the current portion of long-term debt?

c. If WD-40 did not issue additional notes payable during 2006, what would be the total notes payable on August 31, 2006?objs. \(2,3,4\)

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Long-term debt is comprised of the following: 2005 August 31, Notes payable Less current portion Long-term debt $ 75,000,000 (10,714,000) $ 64,286,000 2004 $ 85,000,000 (10,000,000) $ 75,000,000