engaged in the following cash transactions:

issued stock for $$66,000$

borrowed $$38,000$ from its bank

provided consulting services for $$65,000$ cash

paid back $$24,000$ of the bank loan

paid rent expense for $$15,500$

purchased equipment for $$25,000$ cash

paid $$4,300$ dividends to stockholders

paid employees' salaries of $$34,000$

What is Crisp's notes payable balance at the end of Year $1?$

$$10,000$

$$38,000$

$$0$

$$14,000$