The balance sheet at December 31, 2018, for Nevada Harvester C Includes the labilities listed below. a. 9% bonds with a face amount of $45 million were issued for $45 million on October 31, 2009. The bonds mature on October 31. 2029. Bondholders have the option of calling (demanding payment on) the bonds on October 31, 2019. at a redemption price of $45 million. Market condons are such that the call Is not expected to be exerclsed. D. Management Intended to refinance $111 million ofits 8% notes that mature in May 2019. In early March, prior to the actual Issuance of the 2018 financlal statements, Nevada Harvester negotlated a line of credit with a commercial bank for up to $7.5 millon any time during 2019. Any borrowings will mature two years from the date of borrowing. c.Noncallable 8% bonds with a face amount of $17.4 million were Issued for $17.4 million on September 30, 1996. The bonds mature on September 30, 2019. Sufficlent cash is expected to be avallable to retire the bonds at maturity d. A $11 million 7% bank loan is payable on October 31, 2024. The bank has the right to demand payment after any fiscal year end In which Nevada Harvester's ratio of current assets to current llablities falls below a contractual minimum of 1.7 to 1 and remains so for six months. That ratio was 1.45 on December 31, 2018, due primarly to an Intentional temporary decline In Inventory levels. Normal Inventory levels will be reestabished during the first quarter of 2019. 1. For each labillity lIsted above, what amount will be reported as a current llablity on the December 31. 2018 balance sheet? 2. Prepare the liablity section of a classified balance sheet for Nevada Harvester at December 31, 2018. Accounts payable and accruals are $24 millon. Complete this question by entering your answers in the tabs below. Required Required 2 Prepare the liability section of a classified balance sheet for Nevada Harvester at December 31, 2018. Accounts payable and accruals are $24 million. (Enter your answers in millions rounded to 1 decimal place, (i.e., 5,500,000 should be entered as 5.5).) NEVADA HARVESTER Balance Sheet (partial) At December 31, 2018 Current Liabilities Currenthy maturing portion of long-term debt 0.0 0.0 Total Curent Liabiities Long-Term Debt Currenthy maturing debt classified as long-term: Total Long-term Liabilities Total Liabilities 0.0 0.0 Required 1 Required2 The balance sheet at December 31, 2018, for Nevada Harvester C Includes the labilities listed below. a. 9% bonds with a face amount of $45 million were issued for $45 million on October 31, 2009. The bonds mature on October 31. 2029. Bondholders have the option of calling (demanding payment on) the bonds on October 31, 2019. at a redemption price of $45 million. Market condons are such that the call Is not expected to be exerclsed. D. Management Intended to refinance $111 million ofits 8% notes that mature in May 2019. In early March, prior to the actual Issuance of the 2018 financlal statements, Nevada Harvester negotlated a line of credit with a commercial bank for up to $7.5 millon any time during 2019. Any borrowings will mature two years from the date of borrowing. c.Noncallable 8% bonds with a face amount of $17.4 million were Issued for $17.4 million on September 30, 1996. The bonds mature on September 30, 2019. Sufficlent cash is expected to be avallable to retire the bonds at maturity d. A $11 million 7% bank loan is payable on October 31, 2024. The bank has the right to demand payment after any fiscal year end In which Nevada Harvester's ratio of current assets to current llablities falls below a contractual minimum of 1.7 to 1 and remains so for six months. That ratio was 1.45 on December 31, 2018, due primarly to an Intentional temporary decline In Inventory levels. Normal Inventory levels will be reestabished during the first quarter of 2019. 1. For each labillity lIsted above, what amount will be reported as a current llablity on the December 31. 2018 balance sheet? 2. Prepare the liablity section of a classified balance sheet for Nevada Harvester at December 31, 2018. Accounts payable and accruals are $24 millon. Complete this question by entering your answers in the tabs below. Required Required 2 Prepare the liability section of a classified balance sheet for Nevada Harvester at December 31, 2018. Accounts payable and accruals are $24 million. (Enter your answers in millions rounded to 1 decimal place, (i.e., 5,500,000 should be entered as 5.5).) NEVADA HARVESTER Balance Sheet (partial) At December 31, 2018 Current Liabilities Currenthy maturing portion of long-term debt 0.0 0.0 Total Curent Liabiities Long-Term Debt Currenthy maturing debt classified as long-term: Total Long-term Liabilities Total Liabilities 0.0 0.0 Required 1 Required2