On February $10,2024,$ after issuance of its financial statements for calendar $2023,$ Flounder Corp. entered into a financing agreement

with Friedman Bank, allowing Flounder Corp. to borrow up to $$3995000$ at any time through $2025.$ Amounts borrowed under the

agreement bear interest at $4\%$ above the bank's prime interest rate and mature two years from the date of the loan. Flounder

presently has $$1492000$ of notes payable with Bringham Bank maturing March $15,2024.$ The company intends to borrow $$2503000$

under the agreement with Friedman and pay off the notes payable to Bringham. The agreement with Friedman also requires Flounder

to maintain a working capital level of $$8997000$ and prohibits the payment of dividends on common shares without prior approval by

Friedman. From the above information only, the total short$-$term debt of Flounder Corp. on the December $31,2023$ statement of

financial position is

$$3995000.$

$$1492000$

$$0.$

$$2503000.$