A Company provided the following account balances on December 31, 2021: Accounts receivable P1,300,000 Allowance for bad debts 500,000 Financial assets at fair value through profit or loss 400,000 Financial assets at amortized cost/held to maturity 1,100,000 Cash in bank, net of bank overdraft of P200,000 maintained in the same bank 900,000   Petty cash 10,000 Inventory (including inventory out on consignment amounting P50,000) 200,000 Equipment and furniture 1,300,000 Accumulated depreciation 1,100,000 Patent 300,000 Prepaid expenses 200,000 **Determine total amount of (5) current assets and (6) non-current assets on December 31, 2021.

Blackmon Corporation’s December 31, 2018, balance sheet disclosed the following information relating to its receivables:   BLACKMON COMPANY Partial Balance Sheet December 31, 2018 1 Accounts Receivable $245,000.00   2 Less: Allowance for doubtful accounts (15,000.00)   3     $230,000.00 4 Notes Receivable*   50,000.00 5 Total receivables   $280,000.00       *The company has a recourse liability of $700 related to a note receivable sold to a bank. During 2019, credit sales (terms, n/EOM) totaled $2,200,000, and collections on accounts receivable (unassigned) amounted to $1,900,000. Uncollectible accounts totaling $18,000 from several customers were written off, and a $1,350 accounts receivable previously written off was collected. Additionally, the following transactions relating to Blackmon’s receivables occurred during the year:   March 6 Received payment of $12,460 on a note from Renko Company. The…