On December 1, 2024, Modern Dining Products borrowed $84,000 on a 7%, 10 year note with annual installment payments of $8,400 plus interest due on December 1 of each succeeding year. On December 1, the principal amount was recorded as a long term note payable. What amount of the note payable will be shown as current portion of Long Term Note Payable on the balance sheet as of December 31, 2024? (Round your answer to nearest whole number.) Question content

On December 1,2024 , Modern Dining Products borrowed $84,000 on a 7%,10 - year note with annual installment payments of $8,400 plus interest due on December 1 of each succeeding year. On December 1 , the principal amount was recorded as a long - term note payable. What amount of the note payable will be shown as current portion of Long - Term Note Payable on the balance sheet as of December 31, 2024? (Round your answer to nearest whole number.) A. $16,800 B. $5,880 C. $14,280 D. $8,400