Freedom Airlines has determined its current liabilities on December 31, 2020 to be $100,000,000 BEFORE considering any of the below items:

a. Freedom has a frequent flyer program. It plans to allow members of its program to take free flights with a retail value of $25,000,000 next year. The total retail value of all free flights that could be bought with frequent flyer miles totals $375,000,000.

b. Freedom suffered a crash this year. It is probable that on or before December 31, 2021 the company will have to pay $30,000,000 in damages resulting from the flight. This amount is in excess of any insurance coverage Freedom has.

c. Freedom sells headphones during flights. This year it sold 20,000 headphones at $100 each. These headphones are sold with a no questions asked three month warranty. Freedom estimates approximately 3% of the jackets will be returned as defective.

d. Freedom has long-term debt of $700,000,000, of which $35,000,000 must be repaid within the next year.

At what amount should Freedom's current liabilities be reported in its balance sheet dated December 31, 2021?