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On December 3 1 , 2 0 2 3 , Cheyenne Ltd . has $ 3 1 4 3 0 0 0 in short -

On December 31,2023, Cheyenne Ltd. has $3143000 in short-term notes payable due on February 14,2024. On January 10,2024, Cheyenne arranged a line of credit with Caldi Bank, which allows Cheyenne to borrow up to $2005000 at 2% above the prime rate for three years. On February 2,2024, Cheyenne borrowed $1408000 from Caldi Bank and used $597000 additional cash to liquidate $2005000 of the short-term notes payable. Assuming Cheyenne adheres to IFRS, the amount of the short-term notes payable that should be reported as current liabilities on Cheyennes December 31,2023 statement of financial position (to be issued on March 5,2024) is ?

  

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