Question $3$

Not complete

Marked out of $1\mathrm{.}25$

Flag question

Preparing a Debt Disclosure

As of December $31$ of Year $1,$ Dole Company's long$-$term debt consisted of the following:

$$69,850-$Unsecured note payable to bank due Year $2.$

$$247,500-$ Unsecured note payable to bank due Year $4.$

$$330,000-$ Unsecured note payable to bank due Year $6.$

$$49,500-$ Secured mortgage payable to bank due in equal installments in Year $2$ through Year $6.$

$$88,000-$ Secured note payable to bank due in Year $7.$

Prepare the required financial statement disclosure at December $31$ of Year $1,$ indicating the amounts due in each of the next five years and thereafter.