RAYMOND COMPANY is preparing its December 31, 2019 balance sheet. The following items may be reported as either a current or long term liability:

On December 31, 2019, RAYMOND declared a cash dividend of $2.50 per share to shareholders of record December 31. The dividend is payable on January 15, 2020. RAYMOND has issued 1,000,000 ordinary shares, of which 50,000 shares are held in treasury.

At December 31, bonds payable of $100,000,000 are outstanding. The bonds pay 12% interest every September 30 and mature in instalments of $25,000,000 every September 30, beginning September 30, 2020.

At December 31, 2018, customer advances were $12,000,000. During 2019, RAYMOND collected $30,000,000 of customer advances, and advances of $25,000,000 were earned.

At December 31, 2019, retained earnings appropriated for future inventory losses are $15,000,000.

What amount should RAYMOND COMPANY report in its December 31, 2019 statement of financial position as current liability and as long-term liability, respectively?

A.)$28,000,000 ; $100,000,000

B.)$2,375,000 ; 100,000,000

C.)$17,000,000 ; 2,375,000

D.)$47,375,000 ; 75,000,000