On January $1,2024,$ the Highlands Company began construction on a new manufacturing facility for its own use. The building was completed in $2025.$ The company borrowed $$2,150,000$ at $9\%$ on January $1$ to help finance the construction. In addition to the construction loan. Highlands had the following debt outstanding throughout $2024$ :

$$8,000,000,14\%$ bonds

$$2,000,000,9\%$ long$-$term note