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At December 31, 2020, Headland Company has outstanding three long-term debt issues. The first is a $1,780,000 note payable which matures June 30, 2023.

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At December 31, 2020, Headland Company has outstanding three long-term debt issues. The first is a $1,780,000 note payable which matures June 30, 2023. The second is a $5,210,000 bond issue which matures September 30, 2024. The third is a $13,040,000 sinking fund debenture with annual sinking fund payments of $2,608,000 in each of the years 2022 through 2026. Prepare the required note disclosure for the long-term debt at December 31, 2020. Long-term Debt 2021 $ 2022 2023 2024 2025 +A $ $ LA $ +A +A $

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