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How much is the non-current liabilities at December

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Question - An alphabetical list of account balances from the books of ABC Company on December 31, 2019 is presented below:

Accounts Payable P25,000

Cash surrender value of life insurance 29,000

Ordinary share capital, P100 par 1,000,000

Dividends declared 250,000

Mortgage payable (including P200,000 due in six months) 1,200,000

Notes payable, 10% (due on January 1, 2022) 1,500,000

Share premium- ordinary 250,000

Preference share capital, P200 par 450,000

Premium on notes payable 25,000

Profit and loss summary, credit balance 500,000

Retained earnings 550,000 Unearned rent income 33,000

Required - How much is the non-current liabilities at December 31, 2019?

Reference no: EM132547806

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