collateral was $$19,500,000.$ On its December $31,2024,$ balance sheet, Branch should classify the notes as follows:

Multiple Choice

$$17,800,000$ of current liabilities.

$$6,230,000$ short$-$term and $$11,570,000$ current liabilities.

$$12,675,000$ long$-$term and $$5,125,000$ current liabilities.

$$17,800,000$ of long$-$term liabilities.