53. Foresight Company reported the following notes payable on December 31, 2020: Note payable - Meek Company P5,600,000 Note payable - Mr. Yee 2,000,000 Additional information: a.) On April 1, 2020, Foresight purchased a parcel of land for P8,000,000 under an installment contract. Foresight made a P2,400,000 cash downpayment and signed a 4- year 10% note for the balance. The equal annual payments of principal and interest on the note totaled P1,760,000, payable on April 1 of each year starting from 2021. b.) On October 1, 2020, Foresight issued for P1,774,000 a P2,000,000 face amount note to Mr. Yee, a wealthy shareholder. The note will mature on October 1, 2021. No explicit interest rate is stated and the entire face amount of the note is payable at maturity date. Compute the total current liabilities