Below are three events from XYZ Company:

1. As of December 31, 2023, a Tuesday, XYZ owed employees salaries for the last 2 days of the current year (Monday and Tuesday). These will be paid on Friday, January 3 of the following year when the weekly payroll of $50,000 is paid.

2. XYZ gives its customers a two-year warranty on each inventory equipment it sells to them. Past experience indicates that the cost of satisfying these warranties is approximately 3% of total sales. During the current year, total sales were $500,000. No customer complaints have been received during this period.

3. XYZ was recently sued by a competitor for allegedly infringing a patent of the other company. XYZ's attorneys have determined that it is reasonably possible that he will lose the case and have to pay $200,000 in damages next year.

Indicate how much the company should report as current debt on the Balance Sheet for the current year.