On january $2$nd $2023$ eagle corp borrowed $$60,000$ from bank Three. The loan was to be repaid in equal principal installments kf $$12,000$ payable on december $31$ of each year, beginning on december $312023.$ Disreegarding interest, the amount of the $$60,000$ loan should be considered a long term liability on the companys balance sheet for the year ended december $312024$ would be: