1. On December 31, 2020, Glare Company provided the following information:

Accounts payable, including deposits and advances from customers of P250,000 P1,250,000

Notes payable, including note payable to bank due on December 31, 2022 of P500,000 P1,500,000

Shared dividend payable P400,000

Credit balances in customers accounts P200,000

Serial bonds payable in semiannual installment of P500,000 P5,000,000

Premium on bonds payable P450,000

Accrued interest on bonds payable P150,000

Contested BIR Assessment possible obligation P300,000

Unearned rent income P100,000

Notes:

1. Total liabilities of the Company amounted to P10,000,000
2. There are no other noncurrent liabilities of the Company aside from those listed above.
3. The serial bonds amortization for 2020 and 2021 is P62,000 and P78,000 respectively.

How much is the total noncurrent liabilities of the Company?