The current asset section of the statement of financial position prepared by the accountant of Dagupan Company an of December 31, 2020 follows:

Cash 33,200

Accounts Receivable 208,700

Trading Securities 35,500

Inventory 124,000

Long-term prepayments 5,600

Total 407,000

An examination of the accounts showed the following data:

Cash on hand, including a customers NSF check in the amount of P1, 200	4, 700
Cash in bank (a bank reconciliation prepared shows bank charges in December 2020 not yet taken up by the company in the amount of P900)	28, 500
Cash Account	P 33, 200
Customers debit balances	203, 400
Allowance for bad debts	((9,700)
Selling price of goods that have been invoiced to a customer at 150% of cost on December 27, 2020 but delivered on January 10, 2021	15, 000
Accounts receivable	208, 700

The correct amount of current assets at December 31, 2020 was