Africa Traders is a registered VAT vendor and uses the periodic inventory system. The following extract was obtained from the accounting records of Africa Traders as at 28 February 2022: R Land Buildings Vehicles (cost on 1 March 2021) Inventory (1 March 2021) Accumulated depreciation: Vehicles (1 March 2021) Trade receivables control Mortgage loan Bank (favourable) Petty cash Trade payables control Income received in advance 800 000 400 000 300 000 534 950 40 000 55 300 750 000 67 400 3 000 54 700 9 500 The following has not yet been recorded in the accounting record of Africa Traders: 1. Depreciation on vehicles for the year ended February 2022 amounted to R50 000. 2. The insurance paid includes an amount of R5 500 (excluding VAT) relating to March 2022. 3. An invoice for advertising costs were received from AD Inc to the amount of R 4 600 (excluding VAT). 4. During the inventory count (28 February 2022) it was determined that inventory to the amount of R427 800 was on hand. Required: What is the total that will be recorded in the statement of financial position for current assets as at 28 February 2022?