On December 31, 2020, what amount should be reported as total current asset? *

PROBLEM 2: Gusion Company reported the following assets on December 31, 2020: Cash Accounts Receivable Inventory Deferred Tax asset 4,300,000 7,500,000 4,000,000 1,200,000 An analysis of the accounts receivable disclosed that accounts receivable comprised the following: 5,000,000 (500,000) Trade accounts receivable Allowance for doubtful accounts Selling price of Gusion Company's unsold goods sent to Lancelot Company on consignment at 150% of cost and excluded from Gusion's ending inventory Total 3,000,000 7,500,000