Determine the audited balances of the following as of December 31, 2020 

1. Liabilities under finance lease

In connection to your audit of James Bond Company for the year ended December 31, 2020, you noted the following liability accounts: 10%, 10-year, P1,000 Serial bonds payable, dated January 2, 2020 Accrued interest payable Deferred tax liability Notes payable P 10,000,000 1,150,000 552,000 2,000,000 In addition, you obtained corroborative evidences to validate the balances of the above-mentioned accounts and revealed the following: a) The company's bonds were all issued on January 2, 2020. Interest is to be paid annually in arrears. Also, the bond indenture calls the issuer to pay equal annual installments on the principal of the bonds over 5 years which will start on January 2, 2026. The market rate of interest of similar instruments upon issuance of the bonds is at 12%. b) Based on the provided schedule, the company recorded the issued bonds at face amount and did not recognize any discount/premium. c) You understood that the notes payable account consists of: Notes payable to one of its suppliers, 5% interest-bearing to be paid annually, issued on January 2, 2018 which will mature on January 2, 2022 10% Bank loans - Bank of Oro, issued March 31, 2020 12% Bank loans - Metrobanking Corp., issued August 1, 2020 P 500,000 500,000 1,000,000