On November 1, Year 6, Bob the Builder purchases a cookie after having a dream in which a stranger gave him a giant fortune cookie. A week later, he finds out that he won $100,000. On December 1, Year 6, he cashes in his lottery ticket and forms a corporation called Fortune Cookie Inc. (FCI) with his lottery money. When FCI is formed, there is no other assets or liabilities. From the formation of FCI to the end of Year 11, the following transaction is the only transaction that has happened:

FCI issues an installment note on February 1, Year 7 (with a required yield of 6%) in exchange for the land that it purchases from Mr. Mac. Mr. Macs real estate agent had listed the land on the market for ^Box3A: 240,000 . The note calls for four equal blended payments of

^Box3B: 60,000 that are to be made at February 1, Year 8, Year 9, Year 10, and Year 11. Note that FCIs fiscal year end is December 31.

What is the amount of total current liabilities that should be reported on December 31, Year 8 Statement of Financial Position?