2) Nieva Company had the following liabilities on December 31 , 2019: Accounts payable 500,000 Accrued expenses 50,000 Note payable due March 31, 2020 1,000,000 Note payable due May 1, 2020 800,000 Bonds payable due December 31, 2021 2,000,000 Bonds payable due December 31 , 2020 (net of discount P100,000) 4,900,000 On March 1, 2020 before the 2019 financial statements were issued, the note payable of P1 ,000,000 was replaced by an 18month note for the same amount. The company is considering a similar action on the P800,000 note due on May 1, 2019. The bond redemption fund established five years ago for the bonds maturing on December 31, 2019 is equal to the face value of the issue. What is the total current liabilities? A. 2,350,000 B. 1,350,000 C. 6,250,000 D. 7,250,000