Which statement about debt financing and forecasting the Pro$-$Forma Financial Statement is most likely true?

Question $2$ options:

Retiring Long$-$Term Debt increases a firm's cash position.

If a firm maintains a constant debt level, the Current Portion of Long$-$Term Debt equals the Long$-$Term Debt.

Issuing Long$-$Term Debt decreases a firm's cash position.

If a firm maintains a constant debt level, the Interest Expenses are constant in all periods of the detailed planning period.