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The balance sheet at December $31,2024,$ for Nevada Harvester Corporation includes the liabilities listed below.

a$.11\%$ bonds with a face amount of $$52$ million were issued for $$52$ million on October $31,2015.$ The bonds mature on October $31,$

Bondholders have the option of calling $($demanding payment on$)$ the bonds on October $31,2025,$ at a redemption price of

$$52$ million. Market conditions are such that the call is not expected to be exercised.

b$.$ Management intended to refinance $$8\mathrm{.}4$ million of its $7\%$ notes that mature in May $2025.$ In early March, prior to the actual

issuance of the $2024$ financial statements, Nevada Harvester negotiated a line of credit with a commercial bank for up to $$3\mathrm{.}0$

million any time during $2025.$ Any borrowings will mature two years from the date of borrowing.

c$.$ Noncallable $12\%$ bonds with a face amount of $$29\mathrm{.}5$ million were issued for $$29\mathrm{.}5$ million on September $30\mathrm{.}2005.$ The bonds

mature on September $30,2025.$ Sufficient cash is expected to be available to retire the bonds at maturity.

d$.$ A $$18$ million $8\%$ 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 ratio of current assets to current liabilities falls below a contractual minimum of $1\mathrm{.}7$ to $1$ and remains

so for six months. That ratio was $1\mathrm{.}45$ on December $31,2024,$ due primarily to an intentional temporary decline in inventory levels.

Normal inventory levels will be reestablished during the first quarter of $2025.$

Required:

For each liability listed above, what amount will be reported as a current liability and as a noncurrent liability on the December $31,$

$2024$ balance sheet?

Prepare the$-$liability section of a classified balance sheet for Nevada Harvester at December $31,2024.$ Accounts payable and

accruals are $$30$ million.

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