At December 31, 2017, the financial statement date, the liabilities outstanding of Plane Corporation included the ff: Cash dividends on ordinary shares-P550,000 payable on January 15, 2018 Notes Payable to National Bank - P4,700,000 due January 20, 2018 Serial Bonds - P20,000,000 of which P5,000,000 mature during 2018 Notes Payable to China Bank - P4,000,000 due January 27, 2018 The ff transactions occurred early in 2018: January 15 January 20 January 25 January 26 The cash dividends on ordinary shares were paid The note payable to National Bank was paid The corporation entered into a financing agreement with National Bank enabling it to borrow up to P5,000,000 at any time through the end of 2018. Amounts borrowed under the agreement would bear interest at 1% above the bank's prime rate and would mature three years from the date of the loan. The corporation immediately borrowed P4,000,000 ro replace the cash used in paying the January 20 note to the bank 400,000 ordinary shares were issued for P5,000,000 P4,000,000 of the proceeds was used to liquidate the note payable to China Bank The financial statements for 2012 were issued. February 1 How much of the above obligations would be classified as current liabilities on the Company's December 31, 2017 statement of financial position?