At December $31,2020,$ Sage Company has outstanding three long$-$term debt issues. The first is a $$1,650,000$ note payable which

matures June $30,2023.$ The second is a $$6,640,000$ bond issue which matures September $30,2024.$ The third is a $$12,080,000$ sinking

fund debenture with annual sinking fund payments of $$2,416,000$ in each of the years $2022$ through $2026.$

Prepare the required note disclosure for the long$-$term debt at December $31,2020.$