On November 1, Year 1, Orange Company borrowed $64,000 on a 5%, 5-year note with annual installment payments of $12,800 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 $64,000 O $51,200 O $12,800 O $38,400