On March 1, 2018, Barker Services issued a

66%

longminusterm

notes payable for

$ 25 comma 000$25,000.

It is payable over a

55minusyear

term in

$ 5 comma 000$5,000

annual principal payments on March 1 of each year plus interest, beginning March 1, 2019. How will the notes payable be shown on the balance sheet dated December 31, 2018?

A.

$ 5 comma 000$5,000

shown as current liability and

$ 25 comma 000$25,000

shown as

longminusterm

liability

B.

$ 5 comma 000$5,000

shown as current liability and

$ 20 comma 000$20,000

shown as

longminusterm

liability

C.the entire

$ 25 comma 000$25,000

shown as

longminusterm

liability

D.

$ 25 comma 000$25,000

shown as current liability only