In connection with the audit of GOT2HANGON Cooperations financial statements for the year 2021, you noted the following liability account balances as of December 31, 2020.

Note Payable, Bank P 5,600,000

Liability under finance lease 430,000

Deferred income taxes 900,000

Transaction during 2021 and other information relating to TOPONE liabilities were as follows:

1. The principal amount of the notes payable is P5,600,000 and bears interest at 12%. The note is dated October 1, 2020 and is payable in four equal annual installments of P1,400,000 beginning October 1, 2021. The first principal and interest payments were made on October 1, 2021.
2. The capitalized lease is for ten-year period beginning December 31, 2018, equal annual payment of 100,000 are due on December 31 of each year, and the 14% interest rate implicit in the lease known by TOPONE. The present value at December 31, 2028 discounted at 14% was P430,000.
3. Deferred income taxes are provided in the recognition of timing differences between financial and income tax reporting of depreciation. For the year ended December 31, 2021, depreciation per tax return exceeded book depreciation by P350,000. TOPONEs effective income tax rate for 2021 was 25%.
4. TOPONE issued for P1,774,000, P2,000,000 face amount of its 12% P1,000 bonds. The bonds were issued to yield 14%. The bonds are dated July 1, 2020 and will mature on July 1, 2030. Interest is payable annually on July 1, 2030. TOPONE uses the interest method to amortize bond discount.

Required:

1. Liability under finance lease as of December 31, 2021
2. Total non-current liabilities as of December 31, 2021
3. Current portion of long-term liabilities as of December 31, 2021
4. Interest payable as of December 31, 2021
5. Total Interest expense for the year 2021.