1. Jump Corporation has $3,000,000 of short-term debt it expects to retire with proceeds from the sale of 85,000 shares of common stock. If the stock is sold for $25 per share subsequent to the balance sheet date, but before the balance sheet is issued, what amount of short- term debt could be excluded from current liabilities? a. $2,125,000 b. $3,000,000 c. $875,000 d. $0