Yowell Company began operations on January 1, Year 1 During Year 1, the company engaged in the following cash transactions: 1) issued stock for $44,000 2) borrowed $27,000 from its bank 3) provided consulting services for $43.000 cash 4) paid back $17,000 of the bank loan 5) paid rent expense for $10,000 6) purchased equipment for $14,000 cash 7) paid $3,200 dividends to stockholders 8) paid employees' salaries of $23,000 What is Yowell's notes payable balance at the end of Year 1? Multiple Choice $10,000 3a 9/2 arch 99