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 shown on the balance sheet dated December 31, 2016? A) 7,000 shown as current liability and $14,000 shown as long-term liability B) the entire $21,000 shown as long-term liability C)$21,000 shown as current liability only D)$7,000 shown as current liability and $21,000 shown as long-term liability