You are an experienced staff accountant with Hodges, Jones & Gentry (the Firm) and have been assigned to work on the audit of RB Johnson Electric Company (the Company) as of and for the year ended December 31, 2022. The Company, which is engaged in electrical construction, has been a long-time client of the Firm and operates as an S Corporation. This is a relatively small entity, and the entire audit will be done by you and the engagement senior, Adam Sylvia. Adam is an up and coming professional in the Firm and this is your first engagement working with him. One of your colleagues has worked with Adam before and she has told you that Adam is very good technically but has tendency to wait until the last minute to raise issues and to review work performed by his staff. During the audit work performed on debt, you noted the following with respect to the Companys long- term debt. Truist Bank Confirmation Original amount of loan $2,500,000 Interest rate 6.5% Unpaid interest 12.31.22 0 Unpaid balance 12.31.22 $1,500,000 Collateral Aircraft N17FA Payment terms Interest only Due Date 3.15.23 The confirmation, which the Firm independently mailed to Truist, was received directly by the Firm by regular mail. The Confirmation was signed by Ronnie Jackson, Senior Loan Office; Richmond District, Truist Bank. The Company prepared its own 2022 financial statements and has classified the entire balance of this note as long-term. Upon inquiry, the CFO of the Company has indicated that the Company is in the process of refinancing this obligation and it will have a due date of 3.15.24. He also indicated that the refinancing is expected to be completed prior to the release of the financial statements. Your audit report is expected to be dated, 3.31.23. Required By reference to 470-10-45-14 through 470-10-45-21, could classification of the debt as long-term be in accordance with GAAP. If so, what type of documentation may be needed in the audit file to support the classification?