Branch Company, a building materials supplier, has $18,200,000 of notes payable due April 12, 2019. At December 31, 2018, Branch signed an agreement with First Bank to borrow up to $18,200,000 to refinance the notes on a long-term basis. The agreement specified that borrowings would not exceed 70% of the value of the collateral that Branch provided. At the date of issue of the December 31, 2018, financial statements, the value of Branch's collateral was $19,300,000. On its December 31, 2018, balance sheet, Branch should classify the notes as follows: Multiple Choice $18,200,000 of long-term liabilities $5,460,000 long-term and $12,740,000 current liabilities. $13,510,000 long-term and $4,690,000 current liabilities. $18,200,000 of current liabilities