View Policies Current Attempt in Progress ELR Ltd. signed a lease agreement on August 1, 2023 to lease some equipment from TLC Corp. The term of the lease was eight years, after which time the equipment was to become the property of ELR. TLC set the lease payments of $11,935.68 at the beginning of each period in order to earn an interest rate of 5%, and that rate was known to ELR. Assume that ELR has a calendar year-end. Click here to view the factor table Click here to view the factor table On ELR's December 31, 2023 statement of financial position, what amounts related to this lease would ELR report for (a) current liabilities and (b) long-term liabilities? (Round factor values to 5 decimal places, e.g. 1.25124. Round answers to 2 decimal places, e.g. 52.75.) Current liabilities $ Long-term liabilities $