Holland company was operating in a hyperinflationary economy and provided the following statement of financial position on December 31,2020:

Property, plant and equipment 900,000

Inventory 2,700,000 Cash 350,000

Share capital, issued December 31,2016 400,000

Noncurrent liabilities 500,000

Current liabilities 700,000

Retained earnings 2,350,000

The general price index had moved December 31 each year:

2016 - 100

2017 - 130

2018 - 150

2019 - 250

2020 - 300

The property, plant and equipment were purchased on december 31, 2018 The noncurrent liabilities were loans raised on December 31, 2019 There were no changes in the statement of financial position during the current year How much is the restated total liabilities as of December 31,2019 in the restated 2020 comparative financial statements?

1,200,000.00

1,440,000.00

1,450,000.00

1,800,000.00

None of the above