Region Jet has a $52 million liability at December 31, 2021, of which $11 million is payable in 2022. In its December 31, 2021 balance sheet, the company reports the $52 million debt as a:

Multiple Choice

• $52 million long-term liability in the balance sheet.

• $11 million current liability and a $41 million long-term liability in the balance sheet.

• $52 million current liability in the balance sheet.

• $41 million current liability and a $11 million long-term liability in the balance sheet.