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

On September $1,2024,$ Bahamas Airlines borrows $$40$ million, of which $$8\mathrm{.}0$ million is due next year. Show how Bahamas Airlines

would report the $$40$ 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 $5,500,000.)$