Malley Corporation provided the following information on December 31, 2020:

Employees income taxes withheld P 900,000

Cash Balance in AAA State Bank 3,500,000

Cash overdraft at BBB State Bank 1,200,000

Accounts Receivable with credit Balance 750,000

Estimated expenses of meeting warranteies 600,000

Estimated damages as a result of unsatisfactory performance

On a contract 1,400,000

Accounts Payable 2,500,000

Current Liabilities at year End ____________________________