United Supply has a $40 million liability at December 31, 2021, of which $8 million is payable in each of the next five years. United Supply reports the liability in the balance sheet as a: Multiple Choice O $40 million current liability. $8 million current liability and a $32 million long-term liability. $32 million current liability and a $8 million long-term liability. $40 million long-term liability