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Solstice Corporation has total borrowings of 560 million as of December 31, 2021 of that amount. $20 million is due in the next year, and

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Solstice Corporation has total borrowings of 560 million as of December 31, 2021 of that amount. $20 million is due in the next year, and the remainder is clue ofter 2022. How should the company report this liability in its December 21, 2021 balance sheet? Multiple Choice As a $20 million current liability and a $40 million long-term liability As a $60 million current liability As a $40 million current liability and a $20 million long-term liability As a $60 million long-term liability

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