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On December 32,2020, Ayayal Company had $1.283,000 of short-term debt in the form of notes payable due February 2,2021. On lamuary 21, 2021, the compary

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On December 32,2020, Ayayal Company had \$1.283,000 of short-term debt in the form of notes payable due February 2,2021. On lamuary 21, 2021, the compary issued 24,800 shares of its cormon stock for $48 per share, receiving $1,190,400 proceeds after. brokeroge tees anid other costs of issuance. On February 2. 2021, the proceeds from the stock sale, supplemented by an additional 592.600cash, areushe to llquidate the 51283.000 debt. The December 31,2020 , balance sheet is issued on February 23,2021. Srowhow the \$1.283.000 of short-tarm debt should be presented on the December 31,2020 , balance shoet. (Enter account alame enly and do not arovide descriptive infarmatian.)

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