The balance sheet at December 31,2024 , for Nevada Harvester Corporation includes the liabilities listed below: a. 7\% bonds with a face amount of $46 million were issued for $46 million on October 31, 2015. The bonds mature on October 31 , 2035 . Bondholders have the option of calling (demanding payment on) the bonds on October 31,2025 , at a redemption price of $46 million. Market conditions are such that the call is not expected to be exercised. b. Management intended to refinance $6.6 million of its 14% notes that mature in May 2025 . In early March, prior to the actual issuance of the 2024 financial statements. Nevada Harvester negotiated a line of credit with a commercial bank for up to $4.6 million any time during 2025 . Any borrowings will mature two years from the date of borrowing. c. Noncallable 6% bonds with a face amount of $14.5 million were issued for $14.5 million on September 30,2005 . The bonds mature on September 30.2025. Sufficient cash is expected to be avallable to retire the bonds at maturity. d. A $24 million 9% bank loan is payable on October 31, 2030. The bank has the right to demand payment after any fiscal year-end in which Nevada Harvester's ratio of current assets to current liabilities falls below a contractual minimum of 1.7 to 1 and remains so for six months. That ratio was 1.45 on December 31,2024 . due primarily to an intentional temporary decline in inventory levels. Normal inventory levels will be reestablished during the first quarter of 2025 Required: 1. For each liability listed above, what amount will be reported as a current liability and as a noncurrent liability on the December 31. 2024 balance sheet? 2. Prepare the liability section of a classified balance sheet for Nevada Harvester at December 31, 2024. Accounts payable and accruals are $33 million