1) issued stock for $78,000 2) borrowed $44,000 from its bank 3) provided consulting services for $77,000 cash 4) paid back $34,000 of the bank loan 5) paid rent expense for $18,500 6) purchased equipment for $31.000 cash 7) paid $4,900 dividends to stockholders 8) paid employees' salaries of $40,000 What is Yowell's notes payable balance at the end of Year 1? Multiple Choice $0 $34.000 O O $10,000 O $44,000 O