How much total current liabilities should May Trading present in its statement of financial position on December 31, 2019?

For purposes of stating the working capital of May Trading on December 31, 2019, the following data are submitted: Cash on hand and in bank, net P50,000 bank overdraft P560,000 Petty cash (unreplenished petty cash expenses, P4,000) 10,000 Notes receivable 500,000 Accounts receivable, net of accounts with credit balance of 1,100,000 P 100,000 Merchandise Inventory, including goods held on consignment of 1,480,000 P 180,000 Prepaid expenses 90,000 Total current assets P3,740,000 Accounts Payable, net of accounts with debit balance of P50,000. P600,000 Notes Payable (due annually at P1,000,000 payable every May 31) 2,000,000 Accrued expenses 80,000 Total current liabilities P2,680,000