On December 31, 2020, Marigold Corp. has $5970000 of short-term notes payable due on February 14, 2021. On January 10, 2019, Marigold arranged a line of credit with Beach Bank which allows Marigold to borrow up to $4490000 at one percent above the prime rate for three years. On February 2, 2021, Marigold borrowed $3580000 from Beach Bank and used $1460000 additional cash to liquidate $5060000 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 which is issued on March 5, 2021 is

$910000.

$2390000.

$1480000.

$0.