A company has $100 million of debt that is due in March Year 3. In December Year 2, the company entered into a non-cancelable agreement with its lender to refinance the debt with the same interest rate, and the full principal is due in December Year 5. How should the debt be classified on the December Year 2 balance sheet of the company? a. Classified as a current liability. b. Classified as a long-term liability. c. Considered as an off-balance sheet liability. d. Classified as a contingent liability