Purdum Farms borrowed $10 million by signing a five-year note on December 31, 2016. Repayments of the principal are paid annually in installments of $2 million each. Purdum Farms made the first payment on December 31, 2017 and then prepared its 2017 year-end financial statements. What amount should be reported as current liabilities in connection with the note at December 31, 2017?

$10 million

$0

$8 million

$2 million