1 Not yet answered Points out of 2.50 Mag question Elmer Corporation has $2,500,000 of short-term debt it expects to retire with proceeds from the sale of 50,000 shares of common stock. If the stock is sold for $30 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? Select one: a. $1,500,000 b. $2,500,000 c. $1000,000 d. $0