solve and show your solution

4,000,000 Problem 1-8 (IAA) Burma Company disclosed the following information about liabilities at year-end: Accounts payable, after deducting debit balances in suppliers' accounts amounting to P100,000 Accrued expenses 1,500,000 Credit balances of customers' accounts 500,000 Share dividend payable 1,000,000 Claims for increase in wages and allowance by employees of the entity, covered in a pending lawsuity 400,000 Estimated expenses in redeeming prize coupons 600,000 presented by customers What total amount should be presented as current liabilities at year-end? a. 6,700,000 b. 6,600,000 c. 7,100,000 d. 7,700,000 Problem 1-9 (AICPA Adapted) Gar Company disclosed the following liability account balances on December 31, 2020: Accounts payable 1,900,000 Bonds payable 3,400,000 Premium on bonds payable 200,000 Deferred tax liability 400,000 Dividends payable 500,000 Income tax payable 900,000 Note payable, due January 31, 2021 600,000 On December 31, 2020, what total amount should be reported as current liabilities? a. 7,100,000 b. 4,300,000 c. 3,900,000 d. 4,100,000