Reference no: EM133153258

Question - Flo-Rida Company's trial balance reflected the following account balances on December 31, 2019:

Cash P1,000,000

Accounts payable, net of debit balance in suppliers' accounts amounting to P25,000 1,000,000

Bonds payable 3,400,000

Premium on bonds payable 200,000

Deferred tax liability 400,000

Property dividends payable 400,000

Income tax payable 300,000

Note payable, due January 31, 2020 500,000

Contingent liability 150,000

Share dividends payable 320,000

Cash dividends payable 80,000

Financial liabilities at FV through profit or loss 130,000

Reserve for contingencies 430,000

Estimated expense of meeting warranties 335,000

Estimated damages as a result of unsatisfactory performance on a contract 268,000

Mortgage payable 1,000,000

Loans payable (payable in five equal annual installments) 500,000

The P1,000,000 Cash account is net of bank overdraft of P300,000 and unreleased check of P100,000 and including customer's posted check of P50,000 and sinking fund amounting to P280,000

How much is the total current liabilities for the year ended December 31, 2019?

How much is the total non current liabilities for the year ended December 31, 2019?