On December 31, 2020, Hopper Co. (which reports under ASPE) has $10,000,000 of short-term notes payable due on February 15, 2021. On February 10, 2021, Hopper borrowed a long-term loan of $8,400,000 from Local Bank and used $600,000 additional cash to pay $9,000,000 of the short-term notes payable. The amount of the short-term notes payable that should be reported as current liabilities on the December 31, 2020 balance sheet that is issued on March 12, 2021 is

Select one:

a.

$0.

b.

$10,000,000.

c.

$1,600,000.

d.

$9,000,000.

e.

$10,000,000..