On March $1,2025,$ Everson Services issued a $5\%$ long $-$ term notes payable for $$21,000\mathrm{.}00.$ It is payable over a $3-$year term in $$7,000\mathrm{.}00$ annual principal paymer principal repayment of $$7,000\mathrm{.}00$ and interest payment for the preceding one $-$ year period. On March $1,2026$

The accounting period ends on Decembe

A$.$ Everson must accrue the next note payment of $$7,000\mathrm{.}00$ as the current portion of principal payment

B$.$ Everson must pay $$1,050\mathrm{.}00$ of interest to the note holder

C$.$ Everson must accrue $$7,000\mathrm{.}00$ of Interest Expense

D$.$ Everson will receive $$7,000\mathrm{.}00$ as an installment payment