C corporation has $1,500,000 of short term debt at 12/31/x2 it expects to retire with proceeds from the sale of 75,000 shares of common stock. The company paid $500,000 on the debt with some of its operating cash on Feb. 1, 20x3 then sold 75,000 shares of the stock for $20 per share on Feb. 15, 20x3. The financial statements were issued on March 1, 20x3. What amount of short term debt could be excluded from current liabilities on the 20x2 balance sheet?

A. $2,000,000

B. $1,000000

C.$0