Anders Industries currently holds two debts: an $11,000 debt due in 12 months and a $16,000 debt due in 18 months. Anders prepares a classified balance sheet using an 18-month operating cycle. How should these debts be classified? OOO All $27,000 in debt should be classified as current liabilities. $11,000 should be classified as a current liability, and $16,000 should be classified as a long-term liability. $16,000 should be classified as a current liability, and $11,000 should be classified as a long-term debt. All $27,000 in debt should be classified as long-term liabilities