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On January 2 , 2 0 2 3 , Eagle Corp. borrowed $ 2 5 , 0 0 0 from Bank Three. The loan was

On January 2,2023, Eagle Corp. borrowed $25,000 from Bank Three. The loan was to be repaid in equal principal installments of $5,000, payable on December 31 of each year. beginning on December 31,2023. Disregarding interest, the amount of the $25,000 loan that should be considered a long-term liability on the company's balance sheet for the year ended December 31,2024 would be:

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