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At December 3 1 , 2 0 2 0 , Sage Company has outstanding three long - term debt issues. The first is a $

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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.
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