What should be reported as total current liabilities?

2. What amount should be reported as total noncurrent liabilities?

 

Chertsey Company provided the following information on December 31, 2019: Accounts payable, net of creditors' debit balances P200,000 Accrued expenses Bonds payable due December 31, 2021 Premium on bonds payable Deferred tax liability Income tax payable Cash dividend payable 2,000,000 800,000 4,500,000 500,000 500,000 1,100,000 600,000 400,000 1,500,000 1,000,000 Share dividend payable Note payable - 6%, due March 1, 2020 Note payable - 8%, due October 1, 2020 The financial statements for 2019 were issued on March 31, 2020. On December 31, 2019, the 6% note payable was refinanced on a long-term basis. Under the loan agreement, the entity has the discretion to refinance the 8% note payable for at least twelve months after December 31, 2019.