On December 31,2016, Excello Electric company issued bonds of short term notes payable due february 7,2017. Excello expected to refinance these notes a long term basis. on January 15, 2017 , the company issued bonds with a face value of $900000 for $882000. on january 22, 2017 , the proceeds from the bond issue plus additional cash held by excello on December 31, were used to liquidate the $1 million of short term notes. the December 31,2016 , balance sheet is issued on February 12,2017.prepare a partial balance sheet aa december 31,2016, showing how $1 million of sort note payable should be didclosed. ENT LIABILIYIES : NOTES OAYABLE? LONG TERM LIABILITIES : notes payable ? CURR