Practice Brief Exercise 13-2 At December 31, 2017 (the end of the fiscal year), Sheffield Corporation owes $2,160,000 on a note payable due January 31, 2018. If Sheffield refinances the obligation by issuing a long-term note on February 20, 2018 and using the proceeds to pay off the note due January 31, how much of the $2,160,000 should be reported as a current liability at December 31, 2017? (Do not leave any answer field blank. Enter 0 for amounts.) Amount to be reported as a current liability at December 31, 2017 If Sheffield pays off the note on January 31, 2018, and then borrows $3,240,000 on a current liability at December 31, 2017? (Do not leave any answer field blank. Enter 0 for amounts.) Amount to be reported as a current liability at December 31, 2017