1. Current Liabilities. The following information pertains to Prince Company as of December 31, 2020: Accounts payable P480,000 Notes payable, including note payable to bank on 12/31/20 858,000 Share dividend distributable 75,000 Bonds payable due on 12/31/2025 3,000,000 Accrued interest on bonds payable 20,000 Accrued salaries expense Unearned rent income 40,000 18,000 Required: Compute the total current liabilities on December 31, 2020.