On December 31, 2020, Grouper Company had $1,288,000 of short-term debt in the form of notes payable due February 2, 2021. On January 21, 2021, the company issued 24,900 shares of its common stock for $33 per share, receiving $821,700 proceeds after brokerage fees and other costs of issuance. On February 2, 2021, the proceeds from the stock sale, supplemented by an additional $466,300 cash, are used to liquidate the $1,288,000 debt. The December 31, 2020, balance sheet is issued on February 23, 2021. Show how the $1,288,000 of short-term debt should be presented on the December 31, 2020, balance sheet. (Enter account name only and do not provide descriptive information.) Grouper Company Partial Balance Sheet $