Balance Sheet Accounts of Michigan Auto Corporation $($MAC$)$ Corporation

$\backslash$table$[[$Assets$,,$Liabilities,$],[$Cash$,100,000,$Notes Payable,$20,000],[$Accounts Receivable,$50,000,$Accounts Payable,$30,000],[$Inventories$,50,000,$Long$-$Term Debt,?????$],[$Fixed Assets,$200,000,$Owner's Equity,$],[$Accumulated Depreciation,$50,000,$Retained Earnings,$40,000],[$Intangible Assets,$30,000,$Common Stock,$180,000]]$

Refer to the Balance Sheet Accounts of MAC Corporation. What is the amount of long$-$term debt?

$$90,000$

$$70,000$

$$50,000$

$$110,000$

$$30000$