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The adjusted trial balance for ABC Company at the end of the current year contained the following accounts: 5 - year Bonds Payable 8 %

The adjusted trial balance for ABC Company at the end of the current year contained the following accounts:
5-year Bonds Payable 8%: $1,600,000
Bond Interest Payable: $50,000
Premium on Bonds Payable: $100,000
Notes Payable (3 mo.): $40,000
Notes Payable (5 yr.): $165,000
Mortgage Payable ( $15,000 due currently): $200,000
Salaries and Wages Payable: $18,000
Taxes Payable (due 315 of next year): $25,000
Calculate the total long-term liabilities reported on the balance sheet.
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