Use the following post-closing trial balance for a company at 12/31/x1 to calculate the indicated subtotal. 80% of the deferred revenue will be recognized as revenue in 2020. The remaining revenue will not be earned until 2021. 10% of the bonds payable (as well as 10% of the associated premium) will come due in 2020. Accrues expenses payable compromises various payable accounts, all of which will be paid in 2020. $300,000 of the land was purchased as a speculative investment by the company, the remaining $550,000 is used in operations. Calculate current liabilities