Branch Company, a building materials supplier, has $17,500,000 of notes payable due April 12, 2022 At December 31, 2021, Branch signed an agreement with First Bank to borrow up to $17,500,000 to refinance the notes on a long term basis. The agreement specified that borrowings would not exceed 70% of the value of the collateral that Branch provided. At the date of issue of the December 31, 2021, financial statements, the value of Branch's collateral was $19,800.000. On its December 31, 2021, balance sheet, Branch should classify the notes as follows: Multiple Choice O $5.250.000 long-term and 512 250,000 current liabilities O C) $13.860.000 long-term and $3,640,000 current liabilities O O $17.500,000 of long-term liabilities O