Kim's Academy had $10,000,000 of X-bonds payable due in 2022. Prior to 12/31/2021, Kim's refinanced $3,000,000 of the X-bonds with other bonds that mature in 2032. On January 15, 2022, Kim's refinanced another $2,000,000 of the X - bonds with others that mature in 2029. Kim's issued its financial statements on February 1, 2022. On February 15, 2022, Kim's refinanced another $4,000,000 of the X-bonds with others that mature in 2030. In its 2021 financial statements, Kim's should show noncurrent bonds payable of:
a. $2,000,000
b. $3,000,000
c. $5,000,000
d. $9,000,000
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