Cornerstone Markets Has Beginning Long-Term Debt of $64,500, Which Is

Cornerstone Markets has beginning long-term debt of $64,500, which is the principal balance of a loan payable to Centre Bank.During the year, the company paid a total of $16,300 to the bank, including $4,100 of interest.The company also borrowed $11,000.What is the value of the ending long-term debt?

A) $45,100
B) $53,300
C) $58,200
D) $63,300
E) $85,900