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At the beginning of the year, Shinedown, Corporation, had a long-term debt balance of $46,630. During the year, the company repaid a long-term loan in

At the beginning of the year, Shinedown, Corporation, had a long-term debt balance of $46,630. During the year, the company repaid a long-term loan in the amount of $12,455. The company paid $4,700 in interest during the year, and opened a new long-term loan for $11,000. How much is the ending long-term debt account on the company's balance sheet?

  • $6,155

  • $48,085

  • $45,175

  • $52,930

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