On March 1,2015,Vantage Services Issued a 5% Long-Term Notes Payable

On March 1,2015,Vantage Services issued a 5% long-term notes payable for $15,000.It is payable over a 3-year term in $5,000 annual principal payments on March 1 of each year plus interest,beginning March 1,2016.
-Each yearly installment will include both principal repayment of $5,000 and interest payment for the preceding one-year period.On March 1,2016,________.

A) Vantage must accrue $5,000 of Interest Expense
B) Vantage must accrue for the coming $5,000 as current portion of principal payment
C) Vantage must pay out $750 of Interest Expense to the note holder
D) Vantage will receive $5,000 as an installment payment