(Long-Term Debt Disclosure) At December 31, 2006, Helen Reddy Company has outstanding three long-term debt issues. The first is a $2,000,000 note payable which matures June 30, 2009. The second is a $6,000,000 bond issue which matures September 30, 2010. The third is a $17,500,000 sinking fund debenture with annual sinking fund payments of $3,500,000 in each of the years 2008 through 2012.

Instructions Prepare the note disclosure required by FASB Statement No. 47, “Disclosure of Long-term Obligations,”

for the long-term debt at December 31, 2006.