Love inc. is a manufacturer and retailer of a household furniture. The companys financial statements for the year ended December 31,2019 disclose the following. A. A php 150k short term obligation due on march 1 2020 its maturity could be extend to march 1 2022 provided loves inc agrees to provide additional collateral. On Feb 12 2020 an agreement is reached to extend the loans maturity march 1 2022 B. short term obligation of 3,600,000 in the form of notes payable due feb 5 2020 the company issued 5k ordinary share for php 36 per share on january 25 2020 the proceeds from the issuance plus 900k cash were use to fully settled the debt on feb 5 2020 C. A long term obligation of 2,500,000 on dec 1 2019. On nov 10,2019 love inc breaches a covenant on its debt obligation and the loan becomes payable on demand. An agreemnet is reached to provide a waiver foe the of the breac on dec 11,2019 D. a debt obligation of 1M maturing of dec 31 2025 the debt is callable on demand by the lender at anytime.

LOVE INC. is a manufacturer and retailer of household furniture. The company's financial statements for the year ended December 31,2019 disclose the following.

a. A php 150,000 short term obligation due on March 1 2020. Its maturity could be extended to March 1, 2022, provided LOVE Inc. agrees to provide additional collateral. On February 12, 2020 an agreement is reached to extend the loan's maturity to March 1 2022. b. A short term obligation of php 3,600,000 in the form of notes payable due on February 5,2020. The company issued 5000 ordinary shares for 36php per share on January 25,2020. The proceeds from the issuance plus 900,000 php cash were used to fully settle the debt on February 5, 2020. c. A long term obligation of 2,500,000 on December 1 2019. On November 10, 2019, LOVE Inc, breaches a covenant on its debt obligation and the loan becomes payable on demand. An agreement is reached to provide a waiver of the breach on December 11, 2019. d. A debt of obligation 1,000,000 maturing on December 31, 2025. The debt is callable on demand by the lender at anytime. e. A long term obligation of 4,000,000. The loan is maturing over 4 years in the amount of 1,000,000 per year. The loan is dated September 1, 2019, and the first maturity date is September 1, 2020.

- What amount of current liabilities should be reported on December 31, 2019 statement of Financial position? - What amount of non current liabilities should be reported on the December 31, 2019 statement of Financial position?