On March $1,2024,$ Barker Services issued a $7\%$ long $-$ term notes payable for $$20,000.$ It is payable over a $5-$ year term in $$4,000$ annual principal payments on March $1$ of each year plus interest, beginning March $1,2025.$ How will the notes payable be shown on the balance sheet dated December $31,2024?$

A$.$ $$4,000$ shown as current liability and $$16,000$ shown as long $-$ term liability

B$.$ the entire $$20,000$ shown as long $-$ term liability

C$.$ $$20,000$ shown as current liability only

D$.$ $$4,000$ shown as current liability and $$20,000$ shown as long $-$ term liability