40 On March 1, 2024, Everson Services issued a 10% long-term notes payable for $16,000. It is payable over a 4-year term in $4,000 annual principal payments on March 1 of each year plus interest, beginning March 1, 2025. Each yearly installment will include both principal repayment of $4,000 and interest payment for the preceding one year period. On March 1, 2025, The accounting period ends on December 31. O A) Everson must accrue $4,000 of Interest Expense Everson must accrue the next note payment of $4,000 as me current portion of principal payment O Everson must pay $1,600 of interest to the note holder O Everson will receive $4,000 as an installment payment Click Save and Submit to