Exercise $13-13($Algo$)$ Current$-$noncurrent classification of debt; financial statement effects LO$13-1,13-4$ At December $31,2024,$ Newman Engineering's liabilities include the following: $1.$ $$26$ million of $8\%$ bonds were issued for $$26$ million on May $31,2002.$ The bonds mature on May $31,2032,$ but bondholders have the option of calling $($ demanding payment on$)$ the bonds on May $31,2025.$ However, the option to call is not expected to be exercised, given prevailing market conditions. $2.$ $$30$ million of $7\%$ notes are due on May $31,2025.$ A debt covenant requires Newman to maintain current assets at least equal to $191\%$ of its current liabilities $.$ On December $31,2024,$ Newman is in violation of this covenant Newman obtained a waiver from National City Bank until June $2025,$ having convinced the bank that the company's normal $2$ to $1$ ratio of current assets to current liabilities will be reestablished during the first half of $2025.3.$ $$23$ million of $10\%$ bonds were issued for $ $23$ million on August $1,1995.$ The bonds mature on July $31,2025$ Sufficient cash is expected to be available to retire the bonds at maturity Required: What portion of each liability is reported as a current liability and as a noncurrent liability? Note: Enter your answers in millions $($i$.$e$.,10,000,000$ should be entered as $10).$