Answer:
The total long-term liabilities reported on the balance sheet are $3,451,000.
Explanation:
<u>Details Amount ($)</u>
Bonds Payable 9% 3,000,000
Premium on Bonds Payable 98,000
Notes Payable (5 yr.) 166,000
Mortgage Payable (200,000 - 13,000) <u> 187,000 </u>
The total long-term liabilities <u> 3,451,000 </u>