On December $31,2024,$ Jupiter Corporation has a $$1,000,000$ note payable that matures July $1,2025($full principal amount due on this date$).$ On March $1,2025,$ Jupiter issues $500,000$ shares of common stock and intends to use the $$400,000$ net proceeds to pay off a portion of the note payable at maturity. If the $2024$ financial statements are issued March $10,2025,$ what amount relating to the principal for this note should Jupiter report as a current liability on the December $31,2024$ financial statements? Hint: There is an example relating to this type of scenario in the replacement excerpt reading.