Question: Please provide the solution to this general accounting question using proper accounting principles. A business reports the following financial data at year-end: Cash = $2,150

Please provide the solution to this general accounting question using proper accounting principles.

A business reports the following financial data at year-end: Cash = $2,150 Inventory = $11,900 Accounts receivable = $5,750 Net fixed assets = $39,600 Other assets = $3,200 On the liabilities and equity side: Accounts payable = $10,200 Notes payable = $3,500 Common stock = $20,000 Retained earnings = $12,800 What is the amount of long-term debt

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