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On December 31, 2025, Sarasota Comparw has $7,070,000 of short-term debt in the form of...

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Accounting

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On December 31, 2025, Sarasota Comparw has $7,070,000 of short-term debt in the form of notes payable to Gotham State Bank due the gross amount of its accounts receivable. Receivables are expected to range between a low of $6,080,000 in M ary to a high of $8,062,000 in October during the year 2026. The interest cost of the maturing short-term debt is 15%, and the newagreementcalls for a fuctuating interest at 1% above the prime rate on notes due in 2030.5 aranotas December 31.2025 , balance sheet is issued on February 15,2026 . Prepare a partial balance sheet for Saratota at December 31, 2025, showing how its $7,070,000 of short term debt should be presented. (Enter occount name only and do not provide descriptive information)

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