Your Balance Sheet (page 1 of last year's Annual Report) will show $20 million of Current Debt. Bondholders are paid, so your Long Term Debt (assuming no other Long Term transactions) will be down by $7 million. On the Income Statement (page 2), your Long Term Interest will include the interest paid out during the year on the $7 million bond. Your Short Term Interest will include interest on the $3 million Short Term (Current Debt) loan and on the $10 million Emergency Loan. Since your short-term interest rate this year was 10%, you will pay $300 thousand interest on the $3 million note. Your Emergency Loan interest will be 17.5% of $10 million or $1.75 million. Your total Short Term Interest will be $2.05 million.