On December 31, 2020, Sheridan Company has $7,051,000 of short-term debt in the form of notes payable to Gotham State Bank due in 2021. On December 28, 2021, Sheridan enters into a refinancing agreement with Gotham that will permit it to borrow up to 65% of the gross amount of its accounts receivable. Receivables are expected to range between a low of $6,052,000 in May to a high of $8,049,000 in October during the year 2021. The interest cost of the maturing short-term debt is 15%, and the new agreement calls for a fluctuating interest at 1% above the prime rate on notes due in 2022. Sheridan's December 31, 2020, balance sheet is issued on February 15, 2021. Prepare a partial balance sheet for Sheridan at December 31, 2020, showing how its $7,051,000 of short-term debt should be presented. (Enter account name only and do not provide descriptive information.) SHERIDAN COMPANY Partial Balance Sheet