Question: PepsiCo, Inc. ( PEP ) reported the following information about its long - term debt in the notes to a recent financial statement ( in

PepsiCo, Inc. (PEP) reported the following information about its long-term debt in the notes to a recent financial statement (in millions): Long-term debt consists of the following: Line Item DescriptionDecember 31 Current YearDecember 31 Prior YearTotal long term-debt$39,898$43,728Current portion(3,872)(3,358)Long-term debt$36,026$40,370 a. How much of the long-term debt was disclosed as a current liability on the current years December 31 balance sheet? fill in the blank 1 of 3$ million b. How much did the total current liabilities change between the preceding year and the current year as a result of the current portion of long-term debt? fill in the blank 2 of 3$ million IncreaseDecline c. If PepsiCo did not issue additional long-term debt next year, what would be the total long-term debt on December 31 of the upcoming year? fill in the blank 3 of 3$ million

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