The accounts below appeared on the trial balance of Navarro Company at December 31, 2019. Each account has a normal balance. The prepaid insurance covers the next 9 months. Interest payabile pertains to the Bonds Payable Notes Payable (short-term) S 96.000 Accounts Receivable $ 259,200 Equipment 572,500 Allowance for Doubtful Accts 3,900 Accumulated Depreciation - Equip 1,000 Prepaid Rent 28.125 Supplies 18.900 Additional Paid in Capital 81,900 Uneamed Revenue 95,100 Common Stock 1,062,500 Debt Investments (long-term) 140.700 Retained Earnings 306,000 Cash 85,125 Inventory 790,125 Bonds Payable Due 1/1/2017 600,000 Land 232.500 Interest Payable (on Bonds Payable) 2.850 Trading Securities 35.600 Copyrights 96,450 Treasury Stock 125,000 Notes Receivable (due in 6 months) 69,000 Accounts Payable 204,975 Long-term liabilities total The accounts below appeared on the trial balance of Navarro Company at December 31, 2019 Each account has a normal balance. The prepaid insurance covers the next 9 months. Interest payable pertains to the Bonds Payable Notes Payable (short-term) S 96.000 Accounts Receivable $ 259,200 Equipment 572,500Allowance for Doubtful Acts 3,900 Accumulated Depreciation - Equip 1.000 Prepaid Rent 28.125 Supplies 18.900 Additional Paid-in Capital 81.900 Unearned Revenue 95.100 Common Stock 1,062,500 Debt Investments (long-term) 140,700 Retained Earnings 306.000 Cash 65,125 Inventory 790,125 Bonds Payable Due 1/1/2017 600,000 Land 232,500 Interest Payable (on Bonds Payable) 2,850 Trading Securities 36,600 Copynghts 96,450 Treasury Stock 125.000 Notes Receivable (due in 6 months) 69,000 Accounts Payable 204.975 Long-term liabilities total Interest Payable (on Bonds Payable) Copyrights Notes Receivable (due in 6 months) 2,850 96,450 69,000 Trading Securities Treasury Stock Accounts Payable 36,600 125,000 204,975 Long-term liabilities total: A. $696,000 B. $740,700 C. $602,850 x D. $600,000 Answer Key:A Feedback: Bond payable + Note Payable (because it will be paid with long-term assets) = $696,000