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 75% 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 $19,800,000. On its December 31, 2018, balance sheet, Branch should classify the notes as follows:

A) $4,550,000 long-term and $13,650,000 current liabilities.

B) $18,200,000 of current liabilities.

C) $18,200,000 of long-term liabilities.

D) $14,850,000 long-term and $3,350,000 current liabilities.

Branch Company, a building matertialis supplier, has st8.200,000 of notes payable due April 12, 2019 At December 31, 2018, Branch signed an agreement with First Banik to borrow up to Sta2 0.00 to tenar ce the otes on a lor term basis The a eement ge fed that bor m s would not exceed 75% of te vai e ofthe collateral that Branch provided Atthe date of isque of the December 31, 2018.financial stiatements the value of Branch's collaneral was $19.800,000 On Its December 31, 2018, balance sheet, Branch should classity the notes as follows 4 550000 ong m and $:3.650000 mnt