For each liability below, specify what amounts will be reported as a current labi! term liability on the December 31, 2018 balance sheet: a. 12% bonds with a face amount of $19 million were issued for $19 million on October 31, 2009. The bonds mature on October 31, 2029. Bondholders have the option of calling the bonds on October 31, 2019, at a redemption price of $19 million. Market conditions are such that the call is not expected to be exercised. Current Liability Long-term Liability b. Management intended to refinance $13.7 million of its 15% notes that mature in May 2019. In early March, prior to the actual issuance of the 2018 financial statements, Nevada any time Harvester negotiated a line of credit with a commercial bank for up to $8.5 million during 2019. Any borrowings will mature two years from the date of borrowing. Current Liability. Long-term Liability. c. Noncallable 14% bonds with a face amount of $88.0 million were issued for $88.0 million on September 30, 1996. The bonds mature on September 30, 2019. Sufficient cash is expected to be available to retire the bonds at maturity. Current Liability Long-term Liability d. An $18 million 12% bank loan is payable on October 31, 2024. 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 1.7 to 1 and remains so for six months. There is a grace period of half year. That ratio was 1.65 on December 31, 2018, due primarily to a decline in inventory levels. Normal inventory levels are not expected to be reestablished during the first half year of 2019. Current Liability Long-term Liability e. Bowe-Whitney's fiscal year ended on December 31, 2018, and financial statements were published in March, 2019. Bowe-Whitney was involved in a lawsuit resulting from a dispute with a customer over a 2018 transaction. At December 31, attorneys advised that it was probable that Bowe-Whitney would lose $3 million in an unfavorable outcome. On February 12, 2019, judgment was rendered against Bowe-Whitney in the amount of $14 million plus interest, a total of $15.2 million. Bowe-Whitney does not plan to appeal the judgment. Current Liability Long-term Liability