The adjusted trial balance for Marigold Corp. at the end of the current year, 2021, contained the following accounts. 5-year Bon

ds Payable 8% $3000000 Interest Payable 48000 Premium on Bonds Payable 98000 Notes Payable (3 months.) 42000 Notes Payable (5 yr.) 167000 Mortgage Payable ($15000 due currently) 199000 Salaries and wages Payable 19000 Income Taxes Payable (due 3/15 of 2022) 26000 The total long-term liabilities reported on the balance sheet are
a. $3351000.
b. $3464000.
c. $3449000.
d. $3366000.

Business

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