Reference no: EM132906070

Question - The accounts and balances shown below were taken from Silver Company's trial balance on December 31, 2020. All adjusting entries have been made. Wages Payable, P250,000; Cash, P155,000; Bonds Payable, P600,000; Dividends Payable, P150,000; Prepaid Rent, P136,000; Inventory, P820,000; Investment in Sinking Fund Assets, P525,000; Investment to profit or loss securities, P153,000; Premium on Bonds Payable, P58,000; Investment in Subsidiary, P1,020,000; Taxes Payable, P228,000; Accounts Payable, P248,000; Accounts Receivable, P366,000; Property, Plant, & Equipment, P1,200,000; Patents-net, P150,000; Accumulated Depreciation-PPE,P400,000; Land held for future business site, P900,000. How much should be reported in Silver's December 31, 2020 statement of financial position as current assets and non current assets?