On March 1, 2024, Barker Services issued a 5% long-term note…

On March 1, 2024, Barker Services issued a 5% long-term notes payable for $28,000. It is payable over a 4-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?