On March 1, 2016 Baker Services issued a 5% long-term notes payable for $21 000 It is payable over a 3-year term in $7,000 annual principal payments on March 1 of each year plus interest beginning March 1, 2017. How will the notes payable be show on the balance sheet dated December 31, 2016? $21,000 shown as current liability only the entire $21,000 shown as long-term liability $7,000 shown as current liability and $14,000 shown as long term liability $7,000 shown as current liability and $21,000 shown as long term liability