$(5)$Paid the bank $$5,000$ to reduce principal of the long$-$term note payable $($$$5,000$ payment due each January$),$ and additionally paid one month's simple interest in cash at a $12\%$ per year rate on the month's beginning balance. You need to record a principal reduction of $$5,000,$ as well as the appropriate amount of cash paid for interest as a separate item or amount from the $$5,000$ principal reduction.