On December 31, 2020, Whispering Company had $1,094,000 of short-term debt in the form of notes payable due February 2, 2021. On January 21, 2021, the company issued 24,000 shares of its common stock for $28 per share, receiving $672,000 proceeds after brokerage fees and other costs of issuance. On February 2, 2021, the proceeds from the stock sale, supplemented by an additional $422,000 cash, are used to liquidate the $1,094,000 debt. The December 31, 2020, balance sheet is issued on February 23, 2021. Show how the $1,094,000 of short-term debt should be presented on the December 31, 2020, balance sheet. (Enter account name only and do not provide descriptive information.) Whispering Company Partial Balance Sheet Entry field with correct answer select a balance sheet sectionEntry field with correct answer: enter a balance sheet itemEntry field with correct answer Notes Payable