The Primus Corporation began the year with $7,226 in its long-term debt account and ended the year with $8,802 in long-term debt. The company paid $939 in interest during the year and issued $2,310 in new long-term debt. How much in long-term debt must the company have paid off during the year?

Multiple Choice

• $1,576

• $734

• $1,576

• $497

• $637