On December 31, 2010, Atwood Table Company has $8 million of short term notes payable owed to City National Bank. On February 1, 2011, Atwood negotiates a revolving credit agreement providing for unrestricted borrowings up to $6 million. Borrowings will bear interest at 1% over the prevailing prime rate, will have stated maturities of 120 days, and will be continuously renewable for 120 day periods for four years. Atwood plans to refinance as much as possible of the notes outstanding with the proceeds available from this agreement. Assume that Atwood's December 31, 2010 year end financial statements are issued on March 30, 2011.

Required:
Prepare a partial December 31, 2010 balance sheet for Atwood Table Company showing how the $8 million short term debt should be reported.