2 points Treasury stock should be reported in the financial statements of a corporation as a(n) O investment O deduction from total paid-in capital. liability O deduction from total paid-in capital and retained earnings. 3 points On November 1, 2015, EZ Products borrowed $48,000 on a 5%, 10-year note with annual installment payments of $4,800 plus interest due on November 1 of each succeeding year. On November 1, 2016, what will the balance be in the Long- Term Notes Payable account? $43,200 0 $4,800 O $38,400 O $48,000