Around March 5 of the current year, Kaye Barker Enterprises began to prepare for the December 28 due date of a major, 52,000,000 10 year bond issue it has had on its books for 10 years. This bond issue has been listed as LONG TERM on Kaye Barker's books every year for the last 10 years. By mid- October, Kaye Barker was able to secure a new, 20 year bond issue in the amount of $1,500,000. Barker took the proceeds of this loan and added $500,000 current cash to it and paid the loan in full on November 20. What is the proper disclosure of this new bond issue at December 31 year end? 1.51,500,000 LONG-TERM LIABILITY 2.51.500,000 SHORT-TERM LIABILITY 3.51.500.000 SHORT-TERM LIABILITY AND $2,000,000 LONG-TERM LIABILITY 4.52,000,000 SHORT-TERM LIABILITY AND $1,500,000 LONG-TERM LIABILITY