On November 1, Year 1, Orange Company borrowed $58,000 on a 8%, 10-year note with annual installment payments of $5800 plus interest due on November 1 of each succeeding year. On November 1, Year 3, what is the balance of the Long-Term Notes Payable account? (Round your answer to nearest whole number.) O $5800 O $46,400 O $52,200 0 $58,000