On December 31, 2021, Carman Company provided the following information:

Amatorio Company had an agreement to pay the sales manager a bonus of 5% of the entitys earnings. The income for the year before bonus and tax was P 5,250,000. The income tax rate is 25%. Required: Determine the bonus under each of the following independent assumptions: Bonus is certain percent of the income before bonus and before tax. Bonus is a certain percent of income after bonus but before tax. Bonus is a certain percent of income after bonus and after tax. Bonus is certain percent of income after tax but before bonus.

Required:

Compute total current liabilities on December 31, 2021.