At December 31, 2015, Redmond Company has outstanding three long-term debt issues. The first is a \($2\),000,000 note payable which matures June 30, 2018. The second is a

\($6\),000,000 bond issue which matures September 30, 2019. The third is a \($12\),500,000 sinking fund debenture with annual sinking fund payments of \($2\),500,000 in each of the years 2017 through 2021.

Instructions Prepare the required note disclosure for the long-term debt at December 31, 2015.