Problem 3: Liabilities The following information are taken from the statement of financial position of Kakashi Company for the year ended December 31, 2019: Accounts payable, net of P5,750 debit balance P65,000 Advances from customers 40,000 11% Note payable, net of P15,000 discount on note payable due on 55,000 December 31, 2020 15% Bonds payable, due December 31, 2023 80,000 Advances to suppliers 19,000 Bond issued cost 6,000 Discount on bonds payable 8,000 Treasury bonds 20,000 Cash dividend payable, due on February 15, 2020 30,000 Estimated premiums payable 15,000 Warranties payable 12,500 Deferred tax liability 8,000 Deferred tax asset 6,500 Premium on bonds payable 7,500 12% note payable, due December 31, 2026 60,000 Cash and cash equivalents 15,000 Bank overdraft 12,000 Accounts receivable, net of customer's account with credit balance 45,000 of P5,000 Investment in bonds 21,000 Share premium 28,000 Share capital 86,500 Accrued rent payable 8,000 Finance lease liability, current portion 5,800 Income tax payable 18,000 Guarantor liability, Kakashi Company as guarantor 20,000 Finance lease liability, noncurrent portion 23,200 Probable loss, arising from a lawsuit filed against Kakashi Company 25,000 on December 28, 2019 Retained earnings yearend balance 105,000 Unrealized loss on trading securities 4,500 Contingent gain 8,500 Accrued interest payable 11,500 Accrued interest receivable 3,000 Projected benefit obligation, end 40,000 Stock dividend payable 18,000 Accrued electric bills 3,000 Uneamed rent revenue 2,500 Advances to employees 12,000 Employee income tax withheld 9,000 Prepaid/accrued benefit cost, credit balance 12,500 REQUIRED: Determine adjusted amount of the following account as of December 31, 2019. Show your solution. (20 points) a. Total finance lease liability b. Bonds Payable C. Fair Value of Plan Assets d. Current Liabilities e. Non-current Liabilities