Reference no: EM132979498

Kurt Company reported the following items in its December 31, 2020 trial balance

Accounts Payable                        P1, 085,000

Advances to employees                 P40,000

Unearned rent revenue                P345,000

Estimated liability for warranty         P 162,000

Trademark                                 P39,000

Deferred tas liability                   712,000

Furniture and fixtures                   250,000

Accumulated depreciation             P75,000

Income tax payable                    P418,000

Patents                                     P28,000

Question 1: What amount should be shown as total current assets on December 31, 2020