On March 1, 2024. Barker Services issued a 10% long-term notes payable for $21,000. It is payable over a 3 -year term in $7,000 annual principal payments on March 1 of each year plus interest, beginning March 1, 2025. How will the notes payable be shown on the balance sheet dated December 31, 2024? O A. $7.000 shown as current liability and $14,000 shown as long-term liability B. $7,000 shown as current liability and $21,000 shown as long-term liability C. the entire $21,000 shown as long-term liability OD. $21,000 shown as current liability only