On December 31 Frye Co. has $55,932 of short-term notes payable due on February 14. On January 10, Frye arranged a line of credit with County Bank which allows Frye to borrow up to $92,665 at one percent above the prime rate for three years. On February 2, Frye borrowed $34,382 from County Bank and used additional cash to liquidate $44,118 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 balance sheet which is issued on March 5 is