AA Corporation is preparing its December 31, 2020 Statement of Financial Position. The following items may be reported as either current or long- term liability.

On December 31, 2020, AA declared a cash dividend of P2.50 per share to shareholders of record December 31. The dividend is payable on January 15, 2021. AA has issued 1, 000, 000 ordinary shares, of which 50, 000 shares are held in treasury.

At December 31, bonds payable of P100, 000, 000 are outstanding. The bonds pay 12% interest every September 30 and mature in installments of P25, 000, 000 every September 30, beginning September 30, 2021.

At December 31, 2019, customer advances were P12, 000, 000. During 2020, AA collected P30, 000, 000 of customer advances, and advances of P25, 000, 000 were earned.

At December 31, 2020, retained earnings appropriated for future inventory losses is P15, 000, 000.

What amount should Allison report as current liability and as long-term liability in its December 31, 2020 statement of financial position?