On December 31, 2015, Sunshine Company had $1,000,000of short-term debt in the form of notes payable due February 2, 2016. On January 21, 2016, the company issued20,000shares of its common stock for $41per share, receiving $800,000proceeds after brokerage fees and other costs of issuance. On February 2, 2016, the proceeds from the stock sale, supplemented by additional $400,000cash, are used to liquidate the $1,200,000debt. The December 31, 2015, balance sheet is issued on February 23, 2016. The amount that should be reported as current liabilities on balance sheet as of December 31, 2015, related to this $1,000,000 debt would be: