WD-40 Co., the manufacturer and marketer of WD-40® lubricant, reported the following information about its long-term debt in the notes to a recent financial statement:Term loans are long-term notes payable, while a bank line of credit is usually due within the current period.a. How much was disclosed as a current liability on the 2001 balance sheet?b. What appears to have happened to the 2001 bank credit line during 2002?c. How much did the total current liabilities change between 2001 and 2002 as a result of the current portion of long-termdebt?
WD 40 Co the manufacturer and marketer of WD 40 lubricant re