on december 31, 2004, Frye co. has $6,000,000 of short-term notes payable due on February 14, 2005. On January 10, 2005, Fyre arranged a line of credit with County bank, which allows Frye to borrow up to $4,500,000 at one percent above the prime rate for one year. On February 2, 2005, Frye borrowed $3,600,00 from County bank and used $1,500,000 additional cash to liquidate $5,100,000 of the short-term notes payable. The amount of the short-term notes payable that should be reported as current liabilities on the December 31, 2004 balance sheet which is issued on March 5, 2005
a) $0
b)$900,000
c) 1,500,000
d) none of the above.