please explain

6. BA Co., a company that adheres to IFRS in its accounting and reporting practice, has the following items at December 31, Year 1: $1,200,000, 5% notes payable, due on March 15, Year 2. BA had completed the transaction to refinance the note with the bank for two years, on December 28, Year 1. $6,000,000, 4% bonds payable, due on December 31, Year 5. However, BA has violated an agreement with the bondholders to maintain a minimum balance in retained earnings, which triggered the bonds to come due on January 31, Year 2. BA obtained a waiver of the violation, on January 5, Year 2, stipulating that it must be rectify it by January 31, Year 3. $500,000 overdraft on a bank account. Overdrafts are not a normal part of BA's cash management plan. What amount should BA report as current liabilities on Dec. 31, Yr. balance sheet? A. $500,000 C. $1,700,000 B. $6,500,000 D. $7,200,000 Answer questions 7 to 9 haced on the fall . . 6. BA Co., a company that adheres to IFRS in its accounting and reporting practice, has the following items at December 31, Year 1: $1,200,000, 5% notes payable, due on March 15, Year 2. BA had completed the transaction to refinance the note with the bank for two years, on December 28, Year 1. $6,000,000, 4% bonds payable, due on December 31, Year 5. However, BA has violated an agreement with the bondholders to maintain a minimum balance in retained earnings, which triggered the bonds to come due on January 31, Year 2. BA obtained a waiver of the violation, on January 5, Year 2, stipulating that it must be rectify it by January 31, Year 3. $500,000 overdraft on a bank account. Overdrafts are not a normal part of BA's cash management plan. What amount should BA report as current liabilities on Dec. 31, Yr. balance sheet? A. $500,000 C. $1,700,000 B. $6,500,000 D. $7,200,000 Answer questions 7 to 9 haced on the fall