At December 31, 2016 the company had $1,500,000 of short-term notes payable due February 15, 2017. On February 1, it negotiated a $1,000,000 long-term line of credit agreement with any borrowings under the line due two years from the date the agreement was entered into. On February 15, the company used the $1,000,000 borrowed under the new line of credit agreement and $500,000 in cash to repay the short-term notes payable. The company issued its financial statements for the year ended December 31, 2016, on March 5, 2017. How should the notes payable that were due February 15, 2017, be classified in the December 31, 2016 balance sheet. Prepare the disclosures.

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