PROBLEM 1 Bon Nebo Co. sold 25,000 annual subscription of Bjorn for P85 during December 2021. These new subscribers will receive monthly issues, beginning in January 2022. In addition, the business has taxable income of P840,000 during the first calendar quarter of 2022. The tax rate applicable is 25%. A quarterly tax payment will be made on April 15, 2022. What is the total current liabilities for Bon Nebo Co. on March 31, 2022