Reference no: EM132859423

Question - Tristan Company provided the following data on December 31, 2020:

Credit balance of customers' accounts, P250,000

Serial bonds payable, in semi-annual instalments of P175,000 3,500,000

Income tax payable 320,000

Unearned subscription revenue 150,000

Mortgage payable, in annual payments of P500,000 6,000,000

Accrued salaries and wages 330,000

Cash dividends payable, 280,000

Notes payable - due April 30, 2022 1,200,000

Advances from officers and employee, not currently payable 500,000

Share dividends payable 400,000

SSS Premium payable 250,000

Estimated warranty payable 126,000

Accrued interest on notes payable 210,000

Claim for damages by employee due to plant explosion covered in a pending lawsuit 500,000

Customers' deposits 145,000

Notes payable due in 90 days 350,000

Accounts payable 1,100,000

Required -

In the December 31, 2020 financial statements, the amount that should be reported by the Tristan under noncurrent liabilities shall be?

In the December 31, 2020 financial statements, the amount that should be reported by the Tristan under current liabilities shall be?