4. On February 10, 2019, after issuance of its financial statements for 2018, HouBe Company entered into a financing agreement with Lebo Bank, allowing House Company to borrow up to 4,000,000 at any time through 2021. Amounts borrowed under the agreement bear interent at 2% above the bank's prime interest rate and mature two years from the date of loan. House Company presently has e1,500,000 of notes payable with First National Bank maturing March 15, 2019. The company intends to borrow 2,500,000 under the agreement with Lebo and liquidate the notes payable to First National, The agreement with Lebo also requires House to maintain a working capital level of 6,000,000 and prohibits the pay ment of dividends on ordinary shares without prior approval by Lebo Bank. From the above information only, the total short-term debt of House Company as of the December 2018 statement of financial position date is