(Learning Objective 3: Classifying liabilities based on liquidity) The same review in E4-17A above resulted in the following information on GP Broadcasting’s liabilities at the end of December 31, 20X5:

■ Trade payable of $307,000

■ Note payable of $240,000 due July 1, 20X7

■ Interest accrued for note payable $8,000 (payable every quarter, the next payment being on April 1, 20X6)

■ Provisions for unbilled expenses of $30,000

■ Provision for employee benefi t of $242,000 (fi rst employee retirement expected in 20X9)

■ Interest-free loan from a shareholder, totaling $400,000, payable in eight equal quarterly installments, fi rst payment due on March 1, 20X6.

What are GP Broadcasting’s current and non-current liabilities?