Ashley Ltd. has the following items as of December 31, 2021: Cash in a TD Canada Trust account of $200,000 . Cash in another TD Canada Trust account of $100.000, which has been set aside for a plant renovation project in 2023 . A bank overdraft of $30,000 in a Royal Bank of Canada account Accounts receivable of 500,000 with an allowance for doubtful accounts of $45,000 How much should Ashley report as current assets on its statement of financial position? O a $425,000 . O b. 5455,000 OC. 5525,000 Od 5555,000 Jones Inc. is a retail company. It uses the gross profit method to estimate inventory every month. Below is the information for November 2021 Inventory, November 1 $480,000 Purchase 800,000 Sales 1.100.000 Assuming that the gross profit is 30% of sales. How much is Jones's estimated inventory at November 30? O a $850,000 O b. $950,000 OC. $1,000,000 O d. 51,050,000