A company reports $4.5 million of currently maturing debt on the statement of financial position at their year end. After this date and before the financial statements are issued, the company issues $4 million in long-term bonds. Assuming the company uses the proceeds from the long-term debt issue to liquidate $2 million of the short-term liability, how should the short-term debt be reported on the SFP? Select answer from the options below under IFRS only: $2.5 million current liability; $2 million non-current liability under both ASPE and IFRS: $4.5 million current liability under both ASPE and IFRS: $0.5 million current liability; $4 million non-current liability under ASPE only: $2.5 million current liability; $2 million non-current liability