Yowell Company began operations on January 1 Year 1. During Year 1, the company engaged in the following cash transactions: 00:05 1) issued stock for $40,000 2) borrowed $25,000 from its bank 3) provided consulting services for $39.000 cash 4) paid back $15,000 of the bank loan 5) paid rent expense for $9.000 6) purchased equipment for $12,000 cash 7) paid $3,000 dividends to stockholders 8) paid employees' salaries of $21000 What is Yowells notes payable balance at the end of Year 1