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The account balance shown below were gathered from Ermalyn Company's trat balance on December 31, 2020
Wages payable P250,000
Cash P1,180,000
Mortgage payable 700,0000
Dividends payable P200.000
Prepaid rent P120,000
Inventory P500,000
Taxes payable P180,000
Accounts receivable 350,000
Accounts payable 376,000
Short-term investment 128,000
Question 1: What amount should be shown as total current assets en December 31, 2020
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