Kansas Company Uses the Indirect Method to Prepare Its Statement

Kansas Company uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet:
Kansas Company
Comparative Balance Sheet
December 31,2019 and 2018
$\begin{array}{lccc}&2019 & 2018 & \text { Increase (Decrease }\\ \text { Accounts Payable } & \$ 6,000 & \$ 9,000 & \$(3,000) \\ \text {Accrued Liabilities } & 3,000 & 1,500 & 1,500 \\ \text {Long-term Notes Payable } & \underline{126,000} & \underline{135,000} & \underline{(9,000)} \\ \text { Total liabilities}& \$ 135.000 & \$ 145,500 & \$(10.500) \\\end{array}$
Additional information provided by the company includes the following:
During 2019, the company repaid $60,000 of long-term notes payable.
During 2019, the company borrowed $51,000 on a new long-term note payable.
Use the T-account format to evaluate the transactions affecting the long-term notes payable account.