The adjusted account balances of UTV Corp. for the year ended December 31, 2020 are as follows: Cash and cash equivalents Bank overdraft Accounts receivable Allowance for doubtful accounts P400,000 100,000 900,000 40,000 560,000 600,000 1,400,000 Raw materials Goods in process Finished goods Financial assets at fair value through other comprehensive income Land, at fair market value 12/31/20 Building Accumulated depreciation- building Plant and equipment Accumulated depreciation- plant and equipment 2,500,000 1,000,000 6,000,000 1,600,000 2,400,000 400,000 Patent 800,000 1,400,000 1,300,000 2,100,000 1,000,000 180,000 80,000 Goodwill, recognized in Jan. 2019 thru a business combination Note payable, bank - due June 30, 2021 Note payable, bank - due June 30, 2022 Accounts payable Employee benefit provisions Warranty liabilities Income tax payable Deferred tax liability Accumulated profits, January 1, 2020 Revaluation surplus on Land, January 1, 2020 Unrealized gain on financial assets, January 1, 2020 Share capital Share premium Sales Revaluation surplus on Land during the year Unrealized gain on financial asset during the year Cost of sales Selling expenses Administrative expenses Finance cost Income tax expense 120,000 280,000 3,600,000 360,000 280,00 5,000,000 1,000,000 10,000,000 140,000 100,000 6,000,000 1,960,000 500,000 100,000 160,000 Note: The company declored and paid cash dividends totaling to P1,000,000 during the year. Requirements: 1. What is the total current assets to be reported in the 2020 statement of financial position? a 3,820,000 b. 3,720,000 2. What is the total non-current assets to be reported in the 2020 statement of financial position? a. 12,000,000 b. 12,100,000 3. What is the total current liabilities to be reported in the 2020 statement of financial position? a. 3,060,000 b. 2,960,000 4. What is the total non-current liabilities to be reported in the 2020 statement of financial position? a 1,280,000 C.3,680,000 d. 3,620,000 C. 12,280,000 d. 12,300,000 c. 2,780,000 d. 2,600,000 C. 1,430,000 b. 2,230,000 5. What is the total net income after tax to be reported in the 2020 statement of comprehensive income? a 1,280,000 b. 1,380,000 6. What is the total comprehensive income to be reported in the 2020 statement of comprehensive d. 2,380,000 C. 1,430,000 d. 1,480,000 income? C. 1.400,000 d. 1,500,000 a 1,420,000 b. 1,520,000 7. What is the total accumulated profits to be reported in the 2020 statement of financial position? a 4,880,000 b. 4,380,000 8. What is the total stockholders' equity to be reported in the 2020 statement of financial position? a 10,560,000 b. 10,960,000 c. 3,880,000 d. 3,380,000 C. 10,760,000 d. 11,760,000