Question #25: Current liabilities: Bull Arm Company has the following items at December 31, 2015: $200,000, 5% note payable, due March 15, 2016. The company has reached a tentative agreement with the bank to refinance the note for two more years, but the refinancing has not been completed on December 31,2015. $1,000,000, 4% bonds payable, due December 31, 2020, The company has violated an agreement with the bondholders which causes the bonds to come due on January 31, 2016 o o o $50,000 overdraft on a bank account. Overdrafts are not a normal part of the company's cash management plan. Required: Related to above items, what amount should Bull Arm Company report as current liabilities on its December 31, 2015, balance sheet? Show your computations