The following Information relates to the obligations of Lien desperation as of December 31. 201:. a. Accounts pavable for poods and services purchased on open account amou-lted to Biotin at necerhber 31.3113. b. on aecesnber 15, 2111:, Laiiers declared a cash dividend of P115 per share. pavable on Jaraaarv 12. 21119. to shareholdersof record as of December 31,3113. Laiters had 1 mllion ordinarvshares lulled and outstanding. c. on December 51,2913. Lasers entered Into a sia-vear finance lease on a warehouse and made the first annual lease pavment of momma The Incremental borrowing rate was 1216.. and the interest rate Implicit In the lease. which was known to Lalcers. was will. The rounded pfesmt value factors for an annultv due for sis vears are its at me and as at 1cm. d. {in Jun! 1.2c1a.tatersissued Psocpcc. an bonds for Psacpcc to vield foil. The bonds pav Interest anmaliveverv June 34:. At December :1. 2111!. the bonds were trading on the open market at as to yield 12\". takers uses the effective interest method. e. Laters' ac1a accountinp profit was assococ and ii: taxable profit was Paccpoo. The difference is due to Naomi} permanent differences and medulla of temporarv differences related to nonumt assets. At December 31. 21:13. Laicers had cumulative taxable differences of ammo related to henna-rent aseis. Liters effective tax rate is m. Laters made no estimated tax pavments during the vear. ouasrms: ned on the above and the resuit of vour aut. determine the following as of and for the vear ended Dec. s1.ao1a: E. Carrvlnp amount of finance lens Ilabllltv. T. Earning amount of bonds pavable a. current liabilities.