Mandalay Flooring Company has $500,000 in Cash, $950,000 in Accounts Receivable, $3,580,000 in Current Assets, $4,200,000 in Long-term Assets, $800,000 in Accounts Payable, $1,100,000 in Current Liabilities, and $4,500,000 in Shareholder Equity. How much long-term debt does the Mandalay Bay Flooring Company have?

a. $2,180,000

b. $980,000

c. Not enough information is given

d. $7,780,000