Financial assets 1. Twilight Co. has the following assets on Dec. 31, 20x1: Petty cash fund 10,000 Prepaid income tax Cash in bank 40,000 Prepaid assets 10,000 4,000 Notes receivable (N/R) 130,000 Inventory 380,000 Discount on N/R (7,000) Held for trading securities -60,000 Loan receivable (L/R) 80,000 Investment in associate 40,000 Loss allowance on L/R (4,000) Deferred tax assets 12,000 Advances to suppliers 12,000 Plant expansion fund 75,000 Requirement: Compute for the total amount of financial assets