Ram Company bought all the shares of Lal Company on January 1, Year 1 for 2,000,000. During that year Ram sold Lal for 50,000. inventory that had cost him $40,000. At the end of the period, Lal had sold all of his inventory to outsiders, but he still owed Ram $50,000. At the end of the year Ram has total current assets of 700,000 and Lal of 150,000. What should be the total current assets presented in the consolidated statement of position?

$ 800,000

700,000

900,000.

850,000