K. Paid a total of $69,419 to service Notes Payable and Long Term Debt. Of that amount, $34,419 was for Interest expense, $30,000 was for Long term debt, and $5,000 was for Notes Payable. The company negotiated with creditors to reduce their obligations in the short run. You could call it an informal Chapter 11 negotiation. I. Collected $653,700 from customers who previously purchased fuel on account in c above. m. Paid $788,950 for fuel previously purchased on account in d above. n. The company has a marginal income tax rate of 25%. Assume that taxes are paid in cash during 1976