The operating cycle of the business is less than one y

products since $1994.$ The operating cycle of the business is less than one

Ayayai has $$3\mathrm{.}5$ million of bonds payable outstanding at February $29,2023,$ which were issued at par in $2012$ and are due if $2032.$ The bonds carry an interest rate of $7\%,$ payable semi$-$annually each June $1$ and December $1.$

Ayayai has several notes payable outstanding with its primary banking institution at February $29,2023.$ In each case, the annual interest is due on the anniversary date of the note each year $($same as the due dates listed$).$ The notes are as follows:

$\backslash$table$[[$Due Date,Amount Due,$\backslash$table$[[$Interest$],[$Rate$]]],[$Apr$.1,2023,$$$156,000,7\%$