The following accounts and their balances appear in an unadjusted trial balance of YOU Company as of December 31, 2018: Cash and cash equivalents - 400,000; Trade and other receivables - 2,000,000; Subscription receivables - 375,000; Inventory - 500,000; Trade and other payables - 670,000; Income tax payable - 196,500; Additional information:• Trade and other receivables include long-term advances to company officers amounting to P430,000• The subscriptions receivable has the following call dates: June 30, 2019 – P200,000; December 31, 2019 – P100,000; and June 30, 2020 – P75,000• Inventory of P500,000 was determined by physical count. At December 31, 2018, goods costing P125,000 are in transit from a supplier. Terms of purchase of the said goods is FOB origin. The goods and the related invoice have not been received as of year-end.• Trade and other payables include dividends payable amounting to P170,000, of which P70,000 is payable in cash and P100,000 is distributable in YOU’s own shares. The total current assets as of December 31, 2018 is?
The following accounts and their balances appear in an unadjusted
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