Sylvia borrowed $14 million by signing a long-term, 5-year note on December 29, 2020. Repayments of the principal are payable annually in installments of $2.8 million each. Sylvia makes the first payment on December 29.2021 and then prepares its balance sheet. What amount will be reported as current and long-term liabilities, respectively, in connection with this long-term note ot December 31,2021 , the fiscal year-end? Multiple Choice $2.8 million in current liabilities and $11.2 million in long term liabilities. $2.8 million in current liabilities and $8.4 million in long term liabilities. Zero in current liabilities and $11.2 milison in long term lisbilities. Zero in current liablitites and $14 million in long term liabilities