The adjusted trial balance shows the following:

Accumulated depreciation-equipment, P100,000

Accumulated depreciation-furniture and fixture, P120,000

Accounts receivable, P400,000

Allowance for doubtful accounts, P20,000

Cash, P250,000

Equipment, P350,000

Furniture and fixture, P450,000

Supplies on hand, P48,000

Prepaid rent, P60,000

How much is the current assets?

1. P580,000

2. P738,000

3. P690,000

4. P778,000