Guess & Co. borrowed $10 million by signing a five-year note on December 31, 2017. Repayments of the principal are payable annually in installments of $2 million each. Guess makes the first payment on December 31, 2018 and then prepares its balance sheet. What amount will be reported as current and long-term liabilities, respectively, in connection with the note at December 31, 2018, after the first payment is made? $2 million in current liabilities and $6 million in long-term liabilities. Zero in current liabilities and $10 million in long-term liabilities. $2 million in current liabilities and $8 million in long-term liabilities. Zero in current liabilities and $8 million in long-term liabilities