Question: Determine the amount of long-term debt for ABC Co. using the following balance sheet information: cash balance of $24,544, accounts payable of $94,831, common stock

Determine the amount of long-term debt for ABC Co. using the following balance sheet information: cash balance of $24,544, accounts payable of $94,831, common stock of $400,823, retained earnings of $501,998, inventory of $204,253, other assets equal to $77,327, net plant and equipment of $706,879, short-term notes payable of $30,000, and accounts receivable of $142,568.

What is the long-term debt?

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