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The following data are available for purposes or stating the financial position of G Company on December 21, 2020: Cash, including sinking fund of P500,

The following data are available for purposes or stating the financial position of G Company on December 21, 2020:

Cash, including sinking fund of P500, 000 with trustee

2, 000, 000

Notes receivable (P200, 000 pledged)

1, 200, 000

Accounts receivable - assigned

800, 000

Note receivable discounted

700, 000

Equity of assignee in accounts receivable assigned

500, 000

Inventory, including P600,000 cost of goods in transit purchased FOB destination. The goods were received on January 15, 2021.

2, 800, 000

Allowance for doubtful accounts

100, 000

How many current assets should be shown in the statement of financial position of December 31, 2020?

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