At December 31, 2020, Sandhill Company has outstanding three long-term debt issues. The first is a $2,090,000 note payable which matures June 30, 2023. The second is a $6,140,000 bond issue which matures September 30, 2024. The third is a $12,200,000 sinking fund debenture with annual sinking fund payments of $2,440,000 in each of the years 2022 through 2026. Prepare the required note disclosure for the long-term debt at December 31, 2020.

Arguments made against free trade include all of the following exceptdumping is an unfair trade practice that puts domestic producers of substitute goods at a disadvantage that they should be protected against. national defense considerations justify producing certain goods domestically whether the country has a comparative advantage in their production or not. free trade is inflationary and should be restricted in the domestic interest. if foreign governments subsidize their exports, foreign firms that export are given an unfair advantage that domestic producers should be protected against. infant industries should be protected from free trade so that they may have time to develop and compete on an even basis with older, more established foreign industries.