Region Jet has a $57 million liability at December 31, 2015, of which $17 million is payable in 2016. In its December 31, 2015 balance sheet, the company reports the $57 million debt as:

	A $57 million current liability on the balance sheet.
	A $57 million long-term liability on the balance sheet.
	A $17 million current liability and a $40 million long-term liability on the balance sheet.
	A $40 million current liability and a $17 million long-term liability on the balance sheet.