Answer:
$3,300,000
Explanation:
Calculation for the amount that Irkalla should report as current liabilities at December 31, year 8
CURRENT LIABILITIES will include the addition of the following:
Trade accounts payable of $200,000
Short-term borrowings of $100,000
Current portion of the long-term loan $100,000
Short-term loan of $1,000,000
TOTAL $1,400,000
ADD Bank loan $2,000,000
CURRENT LIABILITIES $3,300,000
Therefore the amount that Irkalla should report as current liabilities at December 31, year 8 will be $3,300,000
