On December $31,2025,$ Cullumber Company had $$1,107,000$ of short$-$term debe in the form of notes payable due February $2,2026.$ On January $21,2026,$ the company issued $26,800$ shares of its common stock for $$32$ per share, receiving $$857,600$ proceeds after brokerage fees and other costs of Issuance. On February $2,2026,$ the proceeds from the stock sale, supplemented by an additional $$249,400$ cash, are used to liquidate the $$1,107,000$ debt. The December $31,2025,$ balance sheet is issued on February $23,2026.$

Show how the $$1,107,000$ of short$-$term debt should be presented on the December $31,2025,$ balance sheet. Eriter account name onty and do not provide descriptive information.$)$

CULLUMBER COMPANY Partial Balance Sheet