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Filnt Corporation is preparing its Decenber 31,2023 statement of financial position and is deciding whether the followiag items should be reported ascurrent or long term liabilities 1. On December 15, 2023, Fintedeclared a cash dividend of $2.60 per common share to stareholdersof recordon Decenber 31. The dividend is payableon January 15, 2024. Flinthas issued 180 millioncommon shares 2. Also, on becember 31. Flintedeclared a 10 sstock dividend to shareholders of record on January 15,2024 . The dividend will bedistributed on January 31,2024 Flint'scommon shares have a market value of $62 per share 3. At December 31 , bonds payable of $110 million isoutstanding The bonds pay 73 sinterect every September 30 and mature in instalments of $27,5 million every September 30 , beginning on September 30,2024 . 4. At December 31,2022 , customer advanceswere $16 million. During 2023 , Flint collected $43 million in customer acvances and advances of $26 million were earned 5. At December 31,2023, Flint has an operating line of credit with a balance of $400 million outstanding For severalyears now, Flint has successully met all the conditions of this bank loan. If Flint defaultson any of the loan conditions in any way, the bank has the right to demand payment of theloan. 6. Flint iscontingently liable for a bankloan in the amount of $31 million of its associated company, DD Ross Ltd. Flint has guaranteed the bank that, should DD Ross default on the loan or any outstanding interest payable, Flint will pay any and all outstanding balances DD Ross is in an excellent financial position and shows no signs of defaultingon the terms of the bank. ban: (a) For each iten above, indicate the dollar amounts to be reported as a current liability and as a long-term liability, if any. foo not lecve ort armwer freid blark, Enter Ofor amounts

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