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Descendants of the Sun Companys trial balance reflected the following liability account balance at December 31, 2020: Accounts Payable- P380,000; Bonds Payable, due 2021- P680,000;

Descendants of the Sun Companys trial balance reflected the following liability account balance at December 31, 2020: Accounts Payable- P380,000; Bonds Payable, due 2021- P680,000; Discount Bonds Payable- P40,000; Cash dividends payable on 2/15/21- P100,000; Income Tax Payable- P180,000; Notes Payable due 1/19/22- P120,000. In Descendants of the Suns December 31, 2020, balance sheet, the current liabilities total was

P1,420,000

P1,300,000

P1,380,000

P1,200,000

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