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

issued stock for $$40,000$

borrowed $$25,000$ from its bank

provided consulting services for $$39,000$ cash

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

paid rent expense for $$9,000$

purchased equipment for $$12,000$ cash

paid employees' salaries of $$21,000$

What is Yowell's notes payable balance at the end of Year $1?$

Multiple Choice

$$25,000$

$($$$15,000)$