2 Witt Corp. has outstanding at December 31, 1996, two long-term borrowings with annual sinking fund requirements and maturities as follows: Sinking fund requirements Maturities 1996 $1,000,000 $ 1997 1,500,000 2,000,000 1998 1,500,000 2,000,000 1999 2,000,000 2,500,000 2000 2,000,000 3,000,000 $8,000,000 $9,500,000 In the notes to its December 31, 1996, balance sheet, how should Witt report the above data? a. No disclosure is required. b. Only sinking fund payments totaling $8,000,000 for the next five years detailed by year need be disclosed. c. Only maturities totaling $9,500,000 for the next five years detailed by year need be disclosed. d. The combined aggregate of $17,500,000 of maturities and sinking fund requirements detailed by year should be disclosed