(Learning Outcome 5) Peterson's INC. signed a 10 yeaote payable on January 1, 2016 of $500,000. The note requires annual principal payments each December 31st of $50,000. plus interest at 6%. The entry to record the annual payment on December 31, 2017, includes: O Debit to Interest Expense for $27,000 Debit to Interest Expense for $30,000 OCredit to Notes Payable for $50,00o. O Debit to cash for $80,000