Beagle Corporation, a building materials supplier, has $18,200,000 of notes payable due April 12, 2022. At December 31, 2021, Beagle signed an agreement with First Bank to borrow a bank loan to refinance the notes on a long-term basis. The agreement specified that borrowings would not exceed 85% of the value of the collateral that Beagle provided. At the date of issue of the December 31, 2021, financial statements, the value of Beagle's collateral was $19,200,000. On its December 31, 2021, balance sheet, Beagle should classify the notes as follows: Multiple Choice $18,200,000 of current liabilities. $16,320,000 long-term and $1,880,000 current llabilities $18,200,000 of long-term liabilities. $2730,000 long-term and $15,470,000 current