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Use the information for the next three (3) questions. On December 31, 2020, Ross Company provided the following information: Accounts payable, including deposits and advances from customer of P250,000 and after deducting debit balances in supplier's accounts of P100,000 1,250,000 Notes payable, including note payable to bank due on December 31, 2022 of P500,000 1,500,000 Share dividend payable 400,000 Credit balances in customers' accounts 200,000 Serial bonds payable in semiannual installment of P500,000 5,000,000 Accrued interest on bonds payable 150,000 Contested BIR tax assessment - possible obligation 300,000 Unearned rent income 100,000 Bank overdraft 300,000 Withholding tax payable 100,000 Mortgage payable 3,800,000 Estimated warranty liability 600,000 Estimated damages payable by reason of breach of contract 700,000 Estimated premium liability 200,000 Claim for increase in wages by employees covered in a pending lawsuit 3,500,000 Contract entered into for the construction of building, P2,000,000 already billed by the contractor but not yet paid by Ross 5,000,000 Bonds payable due December 31, 2022 2,000,000 What amount should be reported as current liabilities? Flag this Question Question 21 pts What amount should be reported as noncurrent liabilities? Flag this Question Question 31 pts What amount should be disclosed as contingent liabilities

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