Question 2 On December 31,2017, Sunland Company had $1,277,000 of short-term debt in the form of notes payable due February 2,2018. On January 21, 2018, the company issued 26,600 shares of its common stock for $ 47 per share, receiving $1,250,200 proceeds after brokerage fees and other costs of issuance. On February 2,2018, the proceeds from the stock sale, supplemented by an additional $ 26,800 cash, are used to iquidate the $1,277,000 debt. The December 31, 2017, balance sheet is issued on February 23,2018. Show how the $ 1,277,000 of short-term debt should be presented on the December 31,2017, balance sheet. (Enter account name only and do not provide descriptive information.) Sunland Company Partial Balance Sheet December 31, 2017