At the financial statement date of December 31, 2017, the liabilities outstanding of Pollard Corporation included the following: Cash dividends on common stock, $50,000, payable on January 15, 2018. 2 Note payable to Wabaso State Bank, $470,000, due January 20, 2018. Serial bonds, $1,800,000, of which $450,000 mature during 2018. Note payable to Orlando National Bank, $300,000, due January 27, 2018 The following transactions occurred early in 2018 ary 15The cash dividends on common stock were paid ary 2 The note payable to Wabaso State Bank was paid. 25 The corporation entered into a financing agreement with Wabaso State Bank, enabling it to borrow up to $500,000 at any time through the end of 2020. Amounts borrowed under the agreement would bear interest at 1% above the bank's prime rate and would mature 3 years from the date of the loan. The corporation immediately borrowed $400,000 to replace the cash used in paying its January 20 note to the bank. r24 40,000 shares of common stock were issued for $350,000. $300,000 of the proceeds was used to liquidate the note payable to Orlando National Bank. February 1: The financial statements for 2017 were issued. Prepare a partial balance sheet for Pollard Corporation, showing the manner in which the above liabilities should be presented at December 31, 2017. The liabilities should be orooerlv classified between current and lona-term. and aporopriate note disclosure should be included Pollard Corporation Partial Balance Sheet at December 31, 2017