Abba Co. owns a 40% interest in Jay Ltd, a joint venture. Information for these two entities for the year ended July 31, 2019 is as follows Accounts receivable Sales Abba Co. $ 400,000 5,000,000 Jay Ltd. $ 300,000 3,900,000 During the year, Jay had sales of $600,000 to Abba At the end of the year. Abba owed $20,000 to Jay What would accounts receivable be on the consolidated balance sheet as at July 31, 2019? (Assume that the company was following proportionate consolidation for reporting joint ventures.) Multiple Choice O $500.000 Help Save & Ext Sub Multiple Choice o 00,000 o ss12000 o S680, o snoon