Staj Co., a clothing manufacturer, is preparing its statement of financial position at December 31, 2020. For each of the following amounts as at December 31, 2020, state whether the amount is (a) current or non-current; and (b) a trade receivable, a nontrade receivable, or not a receivable. If the amount is not a receivable, state its correct SFP classification.

1. 1. Cheque received from a customer for $1,200, dated January 1, 2021
2. 2. Bank overdraft balance of $50,000
3. 3. Income taxes recoverable of $14,000
4. 4. $10,300 owing from a customer (now 10 days overdue), exchanged for a two-year note bearing interest at 8% payable annually
5. 5. Staj sold a piece of machinery to Marus Company this past year. As part of the sale transaction, $20,000 is owing from Marus, due to be received on January 31, 2022