on January $1$st of this year, we signed the long$-$term note payable of $$40,000.$ the note payable calls for $6\%$ interest and is a $5-$year note. assume that we make $$5000$ payments each December $31$st$.$ Make the entry to record the payment $($both principle and interest$).$ note that you also need to break out current and long$-$term notes payable amounts for the financial statements.