On December $31,2025,$ Cheyenne Company has $$6,955,000$ of short$-$term debt in the form of notes payable to Gotham State Bank

due in $2026.$ On December $28,2025,$ Cheyenne enters into a refinancing agreement with Gotham that will permit it to borrow up to

$57\%$ of the gross amount of its accounts receivable. Receivables are expected to range between a low of $$5,954,000$ in May to a high of

$$7,953,000$ in October during the year $2026.$ The interest cost of the maturing short$-$term debt is $15\%,$ and the new agreement calls

for a fluctuating interest at $1\%$ above the prime rate on notes due in $2030.$ Cheyenne's December $31,2025,$ balance sheet is issued on

February $15,2026.$

Prepare a partial balance sheet for Cheyenne at December $31,2025,$ showing how its $$6,955,000$ of short$-$term debt should be

presented. $($Enter account name only and do not provide descriptive information.$)$