Current Attempt in Progress At December 31, 2020, Pharoah Corporation owes $539,500 on a note payable due February 15, 2021. If Pharoah had restructured the note on December 15, 2020, such that Pharoah has the contractual right to defer payment of $269,750 of the note until February 15, 2022, how much of the $539.500 should be reported as a current liability at December 31,2020? The amount to be reported as a current liability at December 31, 2020 eTextbook and Media $ 269750 If Pharoah pays off the note on February 15, 2021, and then borrows $1,079,000 on a long-term basis on March 1, how much of the $539.500 should be reported as a current liability at December 31, 2020, the end of the fiscal year? The amount to be reported as a current liability at December 31, 2020 $ eTextbook and Media Save for Later Attempts: unlimited Submit Answer