From number 16. What is your answer?

H UILA Statements way the reporting of proforma amounts for prior periods 16. The December 31, 2014 statement of financial position of showed the following current assets: Cash and cash equivalents Accounts receivable Inventories 700.000 1,200,000 600,000 2,500,000 An eyani An examination of the accounts revealed that the accounts receivable include the following: Trade accounts 930,000 Allowance for doubtful acccounts (20,000) 30,000 Claim against shipper for goods lost in transit Selling price of unsold goods sent by ABC on consignment at 130% 260,000 of cost and not included in ABC's ending inventory 1,200,000 What is the correct amount of current assets on December 31, 2014? a. 2,412,000 b. 2,440,000 c. 2,240,000 d. 2,500,000