The following is in RAR Company's December 31, 2019 Trial Balance: Cash overdraft 100,000 Accounts receivable: 350,000 Inventory: 580,000 Prepaid Expense: 120000 Land: 1,000,000 Equipment, net: 950,000 Accounts payable and accrued expenses: 320,000 Ordinary share capital: 250,000 Share premium: 1500,000 Retained Earnings: 830,000 Checks amounting to 300,000 were written to vendors and recorded on 12/29/19 that results to bank overdraft of 100,000. The check were mailed on January 15,2020. Land was sold on January 31,2020 for 1100,000. The issuance of financial statements happens on March 31,2020. How much is the net monetary asset? SHOW SOLUTION