Question: Drew Construction issues a 10-year, interest-bearing $75,000 note: Jan 1, 2024 - issued note for $75,000 Each Jan 1 following - $5,000 of principal to

Drew Construction issues a 10-year, interest-bearing $75,000 note: Jan 1, 2024 - issued note for $75,000 Each Jan 1 following - $5,000 of principal to be paid On Dec 31, 2024, what portion of the note is reported as a LONG-TERM liability? Group of answer choices $37,500 $5,000 $70,000 $75,000

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