EX 10-7 Current portion of long-term debt OBJ. Pepsico Inc, reported the following information about its long term debt in the notes to a recent financial statement (in millions): Long-term debt is comprised of the following December 31 Total long term-debt Less current portion Long-term debt Current Year $28,359 (4,815) $23,544 Previous Year $26,773 6,205) $20,568 a. How much of the long-term debt was disclosed as a current liability on the currert b. How much did the total current liabilities change between the preceding year and the c. If PepsiCo did not issue additional long-term debt next year, what would be the total year's December 31 balance sheet? current year as a result of the current portion of long-term debt? long-term debt on December 31 of the upcoming year