(multiple choice)

At December 31, 2015, Garland Avenue Company had $1,000,000 of short-term debt in the form of notes payable due February 1, 2016. On January 28. 2016. the company issued 30.000 shares of its common stock for $30/share receiving $900,000 in proceeds. On February 1, 2016. the proceeds from the stock sale, supplemented by an additional $100,000 in cash, are used to liquidate the $1,000,000 debt. The December 31, 2015, Balance Sheet is issued on February 27, 2016. At what amount will Garland reflect Short-Term Notes Payable on its December 31, 2015, Balance Sheet