page On January 1, 2023, Lucille Company negotiates a loan from the bank of $150,000 with a term of six years, bearing an annual interest rate of 6%. Of that debt, $25,000 plus interest is payable every December 31. After the first payment on December 31, how much should be reported as current liabilities and long term liabilities? Select one: O a. Current portion - $25,000, Long term portion - $100,000 O b. Current portion - $75,000, Long term portion - $50,000 c. Current portion- $50,000, Long term portion - $75,000 Od. Current portion - $12,500, Long term portion - $112,500