EX 10-7 Current portion of long-term debt PepsiCo, Inc. (PEP) reported the following information about its long-term debt in the notes to Obj. 1 a recent financial statement (in millions): Long-term debt consists of the following: December 31 Prior Year $26,557 2.224) $24333 Current Year $27,917 Total long-term debt Current portion (4,096) Long-term debt $23,821 a. How much b. How much did the total current liabilities change between the preceding year and the current c. If PepsiCo did not issue additional long-term debt next year, what would be the total long-tern of the long-term debt was disclosed as a current liability on the current year's December 31 balance sheet? year as a result of the current portion of long-term debt? debt on December 31 of the upcoming year