TRC Inc. current liabilities as of December 31, 2021 include the following: .10,000,000, 8-year loan maturing on December 31, 2022. TRC Inc. intends to refinance this liability on a long-term basis on February 2, 2022. The financial statements of TRC Inc. were authorized for issue on March 31, 2022. 6,000,000 loan that is payable on demand. There is no indication as of December 31, 2021 that the creditor will demand repayment within the next 12 months. 14,000,000 loan due on December 31, 2029. TRC Inc. breached a loan provision accelerating the repayment of the loan within the next 12 months. However, on January 12, 2022, the creditor granted TRC Inc. a 12-m
TRC Inc. current liabilities as of December 31, 2021 include the following: .10,000,000, 8-year loan maturing on December 31, 2022. TRC Inc. intends to refinance this liability on a long-term basis on February 2, 2022. The financial statements of TRC Inc. were authorized for issue on March 31, 2022. 6,000,000 loan that is payable on demand. There is no indication as of December 31, 2021 that the creditor will demand repayment within the next 12 months. 14,000,000 loan due on December 31, 2029. TRC Inc. breached a loan provision accelerating the repayment of the loan within the next 12 months. However, on January 12, 2022, the creditor granted TRC Inc. a 12-month grace period to rectify the breach, within which the creditor will not demand immediately repayment What is the total current liabilities relating to these loans as of December 31, 2021?
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