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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.

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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. Prepare the note disclosure required by FASB Statement No. 47, "Disclosure of Long-term Obligations" for the long-term debt at December 31, 2006

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