Accounting Homework Help

I need help Using the information given, writing a short note fore the financial statements describing the

various parts of the long term debt and the company’s future plans for dealing with the debt.

• Long term notes payables (4% interest) of $15 million, maturing over next 10 years. 10% of principal is due this year
• $20 Million of 7% secured bonds collateralized on buildings, due in 10 years.
• $5 Million in 9% debenture bonds, due in 2 years.
• $100 million in outstanding 8% term bonds, maturing in 2025
• Last year, the company borrowed $5 million at 4% from a related party, payable in 3 years
• Plans on redeeming above term bonds by issuing preferred stock 
• Plans to refinance all outstanding debt with rates over 6% for lower interest notes.