Adelaide Company requires advance payments with special orders for machinery constructed to customer specifications. These advances are nonrefundable. Information for 2020 is as follows:

Customer advances balance 12-31-19 P472,000

Advances received with orders in 2020 736,000

Advances applied to orders shipped in 2020 656,000

Advances applicable to orders cancelled in 2020 200,000

In Adelaides December 31, 2020 balance sheet, what amount should be reported as a current liability for advances from customer?