H&M Inc. has $5,000,000 of short-term debt that is due within the next year. It intends to retire this note using proceeds from the sale of 250,000 shares of common stock with the rest to be paid using cash. If the stock is sold for $13 per share subsequent to the balance sheet date, but before the balance sheet is issued, what amount of short-term debt could be excluded from current liabilities? O $5,000,000 O $1,750,000 O $3,250,000 O $250,000