On December 31, 2017, Sunland Company had $1,088,000 of short-term debt in the form of notes payable due February 2, 2018. On January 21, 2018, the company issued 23,600 shares of its common stock for $45 per share, receiving $1,062,000 proceeds after brokerage fees and other costs of issuance. On February 2, 2018, the proceeds from the stock sale, supplemented by an additional $26,000 cash, are used to liquidate the $1,088,000 debt. The December 31, 2017, balance sheet is issued on February 23, 2018. Show how the $1,088,000 of short-term debt should be presented on the December 31, 2017, balance sheet. (Enter account name only and do not provide descriptive information.) Sunland Company Partial Balance Sheet December 31, 2017 _____ _____ S _____ _____ _____ _____ SHOW LIST OF ACCOUNTS LINK TO TEXY By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor