15) 49ers Company provided the following information on December 31, 2019:

Accounts payable, net of creditors debit balances P200,000 2,000,000

Accrued expenses 800,000

Bonds payable due December 31, 2020 2,500,000

Premium on bonds payable 300,000

Deferred tax liability 500,000

Income tax payable 1,100,000

Cash dividend payable 600,000

Share dividend payable 400,000

Note payable 6%, due March 1, 2020 1,500,000

Note payable 8%, due October 1, 2020 1,000,000

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 for the 8% note payable, the entity has the discretion to refinance the obligation for at least twelve months after December 31, 2019.

What amount should be reported as total current liabilities?