Question: Determine the amount of long-term debt for ABC Co. using the following balance sheet information: cash balance of $24,738, accounts payable of $97,576, common stock

Determine the amount of long-term debt for ABC Co. using the following balance sheet information: cash balance of $24,738, accounts payable of $97,576, common stock of $401,373, retained earnings of $500,669, inventory of $205,528, other assets equal to $76,670, net plant and equipment of $708,404, short-term notes payable of $30,000, and accounts receivable of $142,458. Long-Term Debt $ __________.

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