Please give me the answer! Thank you!

11. On July 1, 2021, Mark Company acquired machinery worth P2,500,000 from Alfredo Corporation. Terms of the contract calls for a down payment of P500,000 and signing a 2-year 10% notes payable for the balance. Interest is payable quarterly. The existing loan agreement does not carry a provision to refinance. During September, Mark was experiencing financial difficulty and was unable to pay the periodic interest. What total amount of current liability should Mark Company report in its December 31, 2021 statement of financial position assuming Alfredo Company agreed at balance sheet date not to demand payment as a consequence of the breach? a. None b. 50,000 c. 100,000 d. 2,100,000