Question: On March 1, 2018, Barker Services issued a 7% long-term notes payable for $15,000. It is payable over a 3-year term in $5,000 annual principal

On March 1, 2018, Barker Services issued a 7% long-term notes payable for $15,000. It is payable over a 3-year term in $5,000 annual principal payments on March 1 of each year plus interest, beginning March 1, 2019. How will the notes payablo be shown on the balance shoot datod December 31, 2018? O A $5,000 shown as current liability and $15,000 shown as long-term hability OB. the entire $15,000 shown as long-term liability OC. $5,000 shown as current liability and $10,000 shown as long-term liability OD $15,000 shown as current liability only

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