ETC Company has the following balances in some of its accounts on 12/31/2021 (listed in alphabetical order) after it closed its books: Account Balance Accounts payable $ 80,000 Income tax payable 12,000 Interest payable 15,000 Long-term debt 175,000 Paid-in capital 65,000 Preferred stock 40,000 Unearned (deferred) 50,000 revenue The long-term debt balance of $175,000 consists of $25,000 that ETC must pay on July 31, 2022, $50,000 that ETC must pay on July 31, 2023, and $100,000 that ETC must pay on July 31, 2024. The interest is payable on July 31, 2024 upon maturity of the debt. The income tax payable is due by May 15, 2022. The unearned (deferred) revenue is for services that ETC must provide continuously to a customer throughout all of 2022 and 2023 (i.e., for the next 2 years after 12/31/2021). ETC will report, in its classified balance sheet, (a) How much in total current liabilities? (b) How much in total long-term (non-current) liabilities? For the "explanation" part of the question, show your computations for each amount for (a) and (b). ETC Company has the following balances in some of its accounts on 12/31/2021 (listed in alphabetical order) after it closed its books: Account Balance Accounts payable $ 80,000 Income tax payable 12,000 Interest payable 15,000 Long-term debt 175,000 Paid-in capital 65,000 Preferred stock 40,000 Unearned (deferred) 50,000 revenue The long-term debt balance of $175,000 consists of $25,000 that ETC must pay on July 31, 2022, $50,000 that ETC must pay on July 31, 2023, and $100,000 that ETC must pay on July 31, 2024. The interest is payable on July 31, 2024 upon maturity of the debt. The income tax payable is due by May 15, 2022. The unearned (deferred) revenue is for services that ETC must provide continuously to a customer throughout all of 2022 and 2023 (i.e., for the next 2 years after 12/31/2021). ETC will report, in its classified balance sheet, (a) How much in total current liabilities? (b) How much in total long-term (non-current) liabilities? For the "explanation" part of the question, show your computations for each amount for (a) and (b)