The controllers of Marin, Inc. and Riverbed Corp. both ask you whether their companies can reclassify short-term obligations as long- term. Here are the facts surrounding both companies' short-term debt. Marin, Inc. On December 31, 2017, Marin, Inc. has $2,040,000 of short-term debt in the form of notes payable to Michaels State Bank due February 5, 2018. On January 28, 2018, Marin issued 20,400 shares of common stock at $75 per share. Marin used the proceeds of $1,530,000 from the stock issuance, along with $663,000 in cash to retire the short-term debt and associated accrued interest on February 5, 2018. Marin will issue its December 31, 2017 financial statements on February 25, 2018. Riverbed Corp. On December 31, 2017, Riverbed Corp. has $3,060,000 of short-term notes payable to Indiana Bank & Trust. The notes are due on January 31, 2018. Riverbed retired the notes, along with $204,000 in accrued interest, in full on January 31, 2018. On February 11, 2018, Riverbed obtained $4,590,000 in long-term financing from Terre Haute Bank & Trust. The new debt bears interest at 5 percent, with interest payments due annually. Riverbed will issue its December 31, 2017 financial statements on February 28.2018. Prepare partial balance sheets for Marin, Inc. and Riverbed Corp. at December 31, 2017, showing how both companies' short-term debt should be presented. (Enter account name only and do not provide descriptive information.) Prepare partial balance sheets for Marin, Inc. and Riverbed Corp. at December 31, 2017, showing how both companies' short-term debt should be presented. (Enter account name only and do not provide descriptive information.) Marin, Inc. Partial Balance Sheet Current Liabilities Notes Payable December 31, 2017 $ Notes Payable Current Liabilities Notes Payable Interest Payable Riverbed Corp. Partial Balance Sheet December 31, 2017 $ SA $ AA