Question $2$

$2$ pts

Builtrite prepared its financial statement for $2024$ based on the information given here.

The company had cash worth $$5000,$ inventory worth $$20,000,$ interest expense of $$3000$ and notes payables of $$12,000.$ The company's net fixed assets are $$45,000.$ It had accounts payables of $$8000,$ accounts receivables of $$10,000,$ common stock of $$30,000,$ and retained earnings of $$15,000.$

How much long$-$term debt does the firm have?

$$12,000$

$$15,000$

$$18,000$

$$21,000$