Yowell Company began operations on January $1,$ Year $1.$ During Year $1,$ the company engaged in the following cash transactions:

issued stock for $$40,000$

borrowed $$25,000$ from its bank

provided consulting services for $$39,000$

paid back $$15,000$ of the bank loan

paid rent expense for $$9,000$

purchased equipment costing $$12,000$

paid $$3,000$ dividends to stockholders

paid employees' salaries for work completed during the year, $$21,000$

What is Yowell's ending notes payable balance?