Branch Company, a building materials supplier, has $18,100,000 of notes payable due April 12, 2022. At December 31, 2021, Branch signed an agreement with First Bank to borrow up to $18,100,000 to refinance the notes on a long-term basis. The agreement specified that borrowings would not exceed 75% of the value of the collateral that Branch provided. At the date of issue of the December 31, 2021, financial statements, the value of Branch's collateral was $19.400,000. On its December 31, 2021, balance sheet, Branch should classify the notes as follows: Multiple Choice $4,525,000 long-term and $13,575,000 current lobilities $18,100,000 of long-term liabilities $18,100,000 of current liabilities $14,550,000 long-term and 53,550,000 current liabilities