Brief Exercise $8-10($Algo$)$ Report current portion of long$-$term debt $($LO$8-4)$

On September $1,2024,$ Venetian Airlines borrows $$40\mathrm{.}2$ million, of which $$8\mathrm{.}4$ million is due next year. Show how Ventian Airlines would report the $$40\mathrm{.}2$ million debt on its December $31,2024,$ balance sheet. $($Enter your answers in dollars, not millions. For example, $$5\mathrm{.}5$ million should be entered as $5,500,000.)$

$\backslash$table$[[$VENETIAN AIRLINES$],[$Partial Balance Sheet$],[$December $31,2024,],[$Current liabilities:,$],[$Current portion of long$-$term debt,$],[$Long$-$term liabilities: