Yowell Company began operations on January 1, Year 1. During Year 1, the company engaged in the following cash transactions: 1) issued stock for $56,000 2) borrowed $41,000 from its bank 3) provided consulting services for $54,000 4) paid back $23,000 of the bank loan 5) paid rent expense for $13,000 6) purchased equipment costing $20,000 7) paid $3,800 dividends to stockholders 8) paid employees' salaries for work completed during the year, $29,000 What is Yowell's ending notes payable balance? Multiple Choice $23,000