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At the beginning of the year, Shinedown, Corp, had a long-term debt balance of $47,630. During the year, the company repaid a long-term loan in

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At the beginning of the year, Shinedown, Corp, had a long-term debt balance of $47,630. During the year, the company repaid a long-term loan in the amount of $13,855. The company paid $5.460 in interest during the year, and opened a new long-term loan for $12,160. How much is the ending long-term debt account on the company's balance sheet? Multiple Choice

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