On december 31, 2017, stellar company had $1,159,000 of short-term debt in the form of notes payable due february 2, 2018. on january 21, 2018, the company issued 25,500 shares of its common stock for $45 per share, receiving $1,147,500 proceeds after brokerage fees and other costs of issuance. on february 2, 2018, the proceeds from the stock sale, supplemented by an additional $11,500 cash, are used to liquidate the $1,159,000 debt. the december 31, 2017, balance sheet is issued on february 23, 2018.show how the $1,159,000 of short-term debt should be presented on the december 31, 2017, balance sheet.