Region Jet has a $54 million liability at December 31, 2021, of which $16 million is payable in 2022. In its December 31, 2021 balance sheet, the company reports the $54 million debt as a: Multiple Choice ) $54 million long-term liability in the balance sheet. ) $38 million current liability and a $16 million long-term liability in the balance sheet. $54 million current liability in the balance sheet ) $16 million current liability and a $38 million long-term liability in the balance sheet