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The balance sheet at December 31, 2024, for Nevada Harvester Corporation includes the liabilities isted below. a. 10% bonds with a face amount of $35 mulion were issued for $35 milion 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 $35 milition. Market conditions are such that the call is not expected to be exercised. b. Management intended to refinance $9.0 million of its 7% notes that mature in May 2025 . In earfy March, prtor to the actual issuance of the 2024 financlal statements. Nevada Harvester negotiated a line of credit with a commerctal bank for up to $4.0. milion any time during 2025. Any borrowings will mature two years from the date of borrowing. c. Noncalfable 10% bonds with o face amount of 516.0 million were issued for $16.0 million on 5eptember30,2005. The bonds mature on September 30,2025 . Sufficlent cash is expected to be avallable to retire the bonds at maturity. d. A $27 mulion 6% 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 fatio of current assets to current liabilites falis below a contractual minimum of 17 to 1 and remains 50 for six months. That ratio was 1.45 on December 31,2024 , due primarily to an intentonal temporary decine in inventory levels. Normal inventory levels will be feestablished during the first quarter of 2025. Required: 1. For each liability listed above, what amount will be reported as a current llablity and as a noncurrent liablity on the December 31 , 2024 balance sheet? 2. Prepare the liablity section of a classifled batance sheet for Nevada Harvester at December 31, 2024. Accounts payable and accruals are $16 million. Complete this question by entering your answers in the tabs below. For each fability listed above, what amount will be reported as a current liability and as a noncurrent liability on the Decomber 31, 2024 balance sheet? Notes Enter your answers in millions rounded to 1 decimal place (i.e, 5,500,000 should be entered as 5.5). Complete this question by enterine your answors in the tabs below. Prepare the hiability section of a dasafied balance sheet for Nevada Harvester at December 31, 2024. Accounts payable and accruats are $16 million. Note: Enter your answern in millions rounded to 1 decimal place, (i.e., 5,500,000 should be entered as 5.5 )

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