As of January 1, 2021, ABC has adopted a detailed formal plan to close one of its new business and put up a new division to manufacture GM. The plan was communicated through public announcements and all of those affected by the closure were informed. The estimated costs in relation to the closure of the division are as follows: Termination benefits of employees affected by the 1,000,000 closure Cost of retraining and relocating retained employees 2,000,000 Payment for unpaid purchases made by the division 3,000,000 New systems and machineries for the new division (not 4,000,000 yet recorded as PPE) Dismantling costs of the old assembly line (not yet 5,000,000 recorded as PPE) Expected losses during the first year of operations foreD 6,000,000 the new division What is the total amount of liabilities relating to the closure of the toys division as of December 31, 2020?