Spartan, Inc., is a manufacturer of automobile parts located in Greenville, South Carolina. At the end of the current fiscal year, the company had net working capital of $157,903. The company showed accounts payables of $94,233, accounts receivables of $83,112, inventory of $171,284, and cash and marketable securities of $12,311. Calculate the amount of notes payables. (Assume that notes payable and accounts payable are the only two current liabilities of the company.)

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Notes payable = Current liabilities - Accounts payable= ($94,233 + Notes payable) - $94,233= Notes payable = $157,903 - $94,233= Notes payable = $14,571