$On$ December $31,2025,$ Flint Company had $$3,000,000of$ short$-$term debt $in$ the form $of$ notes payable due February $2,2026.On$

January $21,2026,$ the company issued $40,000$ shares $of$ its common stock for $$56$ per share, receiving $$2,240,000$ proceeds after

brokerage fees and other costs $of$ issuance. $On$ February $2,2026,$ the proceeds from the stock sale, supplemented $byan$ additional

$$760,000$ cash, are used $to$ liquidate the $$3,000,000$ debt. The December $31,2025,$ balance sheet $is$ issued $on$ February $23,2026.$

Show how the $$3,000,000of$ short$-$term debt should $be$ presented $on$ the December $31,2025,$ balance sheet. $(Enter$ account name only

and $do$ not provide descriptive information.$)$

FLINT COMPANY

Balance Sheet $(Partial)$ FLINT COMPANY

Balance Sheet $(Partial)$

December $31,2025$

For the Month Ended December $31,2025$

For the Year Ended December $31,2025$ Accounts Payable

Accounts Receivable

Accumulated Depreciation$-$Depot

Allowance from Expropriation

Asset Retirement Obligation

Cash

Depot

Depreciation Expense

Dividends Payable

Due $to$ Customer

Discount $on$ Notes Payable

FICA Taxes Payable

Freight$-In$

Federal Unemployment Tax Payable

Insurance Premium Payable

Interest Expense

Interest Payable

Inventory

Land Improvements

Lawsuit Liability

Lawsuit Loss

Litigation Expense $or$ Loss

Litigation Liability

Loss from Expropriation

Loss $on$ Settlement $of$ ARO

$No$ Entry Notes Payable

Oil Platform

Payroll Tax Expense

Premium Expense

Premium Inventory

Premium Liability

Purchases

Purchase Discounts

Purchase Returns and Allowances

Refundable Deposit Liability

Retained Earnings

Salaries and Wages Expense

Salaries and Wages Payable

Sales Revenue

Sales Taxes Payable

State Unemployment Tax Payable

Trucks

Unearned Sales

Unearned Warranty Revenue

Union Dues Payable

Warranty Expense

Warranty Liability

Warranty Revenue

Withholding Taxes Payable