Problem 1-10 On December 31, 2018, the bookkeeper of Flare Company provided the following information. 1,250,000 1,500,000 400,000 200,000 Accounts Payable, including deposits and advances from customers of P450,000 Notes Payable, including note payable to bank on December 31, 2020 of P250,000 Stock Dividends Payable Credit balances in customers' accounts Serial bonds payable in semi-annual instalment of P750,000 Term Bonds Payable Cash Dividends Payable Accrued interest on bonds payable Contested BIR tax assessment - possible obligation Unearned rent income 5,000,000 4,750,000 1,200,000 150,000 300,000 100,000 Required: Compute the total current liabilities on December 31, 2018