CHAS, is dedicated to the sale of parts for electric gate motors for garages and residential or commercial entrances. closes its books on December 31 of each year. On December 15, 2020, CHAS acquired inventory on credit for $ 850,000. On December 23, 2020, he paid 60% of the balance owed in cash, and the rest was paid in January 2021. Determine the balance of accounts payable that the company must report as part of its current debts in the Statement of Financial Position 2020.