Yowell Company began operations on January 1, Year 1. During Year 1, the company engaged in the following cash transactions: 1) issued stock for $68,000 2) borrowed $53,000 from its bank 3) provided consulting services for $66,000 4) paid back $29,000 of the bank loan 5) paid rent expense for $16,000 6) purchased equipment costing $26,000 7) paid $4,400 dividends to stockholders 8) paid employees' salaries for work completed during the year, $35,000 What is Yowell's ending notes payable balance? $29,000 $53,000 $24,000 $0