E13-8 (L02) (Refinancing of Short-Term Debt) On December 31, 2017, Hattie McDaniel Company had $1.200 term debt in the form of notes payable due February 2, 2018. On January 21, 2018, the company issued 25.00 shares dfis mon stock for $38 per share, receiving $950,000 proceeds after brokerage fees and other costs of issuance. On Februrny the proceeds from the stock sale, supplemented by an aditional s250,000 cash, are used to liquidate the $1,20 December 31, 2017, balance sheet is issued on February 23, 2018 of short-term debt should be presented on the December 31,2017,balance sheet, the Sl including note disclosure. ninancing of Short-Term Debaop