The adjusted trial balance for Sheffield Corp. at the end of the current year, 2020, contained the following accounts.

5-year bonds payable 8% 1640000

Interest Payable 54500

Premium on bonds payable 164000

notes payable (3 mo.) 40000

notes payable (5 yr.) 145000

Mortgage Payable ($10000 due currently) 300000

Salaries and Wages Payable 18000

Taxes Payable (due 3/15 of 2018) 25000

The total long-term liabilities reported on the balance sheet are

$2239000.

$2249000.

$2085000.

$2075000.