(Answered) On december 1 2016 fine dining products borrowed 86000 on a

Accounting

On December 1, 2016, Fine Dining Products borrowed $86,000 on a 5%, 10-year note with annual installment payments of $8,600 plus interest due on December 1 of each succeeding year. On December 1, the principal amount was recorded as a long-term note payable. What amount of the note payable will be shown as current portion of Long-Term Note Payable on the balance sheet as of December 31, 2016?

A.$8,600
B.$12,900
C.$4,300
D.$17,200

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