At the beginning of the year, Shinedown, Corp., had a long-term debt balance of $45,380. During the year, the company repaid a long-term loan in the amount of $10,705. The company paid $3,750 in interest during the year, and opened a new long-term loan for $9,550. How much is the ending long-term debt account on the company's balance sheet?
a $51,180
b $47,975
c $44,225
d $46,535
e $4,905