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The ledger of Kara Company in 2021 includes the following: January 1, 2021 Current assets 240,000 Noncurrent assets 1,600,000 Current liabilities ? Noncurrent liabilities 580,000

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The ledger of Kara Company in 2021 includes the following: January 1, 2021 Current assets 240,000 Noncurrent assets 1,600,000 Current liabilities ? Noncurrent liabilities 580,000 December 31, 2021 ? 1,700,000 130,000 ? All assets and liabilities are reported at year-end. Working capital of P90,000 remained unchanged. Net income for the current year was P60,000. No dividends were declared during the year and there were no other changes in shareholder's equity. 13) What is the amount of current assets on December 31? 14) What is the shareholders' equity on December 317 15) What is the amount of noncurrent liabilities on December 31

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