On March 1, 2024, Everson Services issued a 3\% 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, 2025. Each yearly installment will include both principal repayment of $7,000 and interest payment for the preceding one-year period. On March 1, 2025, The accounting period ends on December 31. A. Everson will recelve $7,000 as an installment payment. B. Everson must pay $630 of interest to the note holder C. Everson must accrue the next note payment of $7,000 as the current portion of principal payment D. Everson must accrue \$7,00k of Interest Expense