The following information relates to XYZ Corporation for the year ended February 28, 2015.

General Ledger Account Balance Bank Overdraft $ 101,000

Mortgage Payable (long term portion) $ 537,000 Income taxes payable $ 29,000

Bonuses payable (to be paid March 15, 2015) $ 36,500

Insurance premiums payable $ 11,000

What is XYZ Corporation's total current liabilities for the year ended February 28, 2015?

Multiple Choice

$177,500

$76,500

$714,500

$137,500

$101,000