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Hogwarts Co . wants to refinance their $ 1 0 million bond portfolio that matures in June 2 0 2 3 . In January 2

Hogwarts Co. wants to refinance their $10 million bond portfolio that matures in June 2023. In January 2023, prior to issuing the financial statements, the company negotiates a line of credit with the bank for up to $6 million any time during 2023. Any borrowings from this line of credit will mature by December 31,2023. What should Hogwarts Co. report as long-term debt?
Group of answer choices
$10 million
$6 million
$4 million
$0 million

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