On December 31, 2017, Metlock Company had $1,300,000 of short-term debt in the form of notes payable due February 2, 2018. On January 21, 2018, the company issued 27,500 shares of its common stock for $40 per share, receiving $1,100,000 proceeds after brokerage fees and other costs of issuance. On February 2, 2018, the proceeds from the stock sale, supplemented by an additional $200,000 cash, are used to liquidate the $1,300,000 debt. The December 31, 2017, balance sheet is issued on February 23, 2018. Show how the $1,300,000 of short-term debt should be presented on the December 31, 2017, balance sheet. (Enter account name only and do not provide descriptive information.) Metlock Company Partial Balance Sheet December 31, 2017 Click if you would like to Show Work for this question: Open Show Work