Financial assets Twilight Co. has the following assets on Dec. 31, 20x1: Petty cash fund Cash in bank 10,000 Prepaid income tax 40,000 Prepaid assets Notes receivable (N/R) 130,000 Inventory 10,000...

Extracted text: Financial assets Twilight Co. has the following assets on Dec. 31, 20x1: Petty cash fund Cash in bank 10,000 Prepaid income tax 40,000 Prepaid assets Notes receivable (N/R) 130,000 Inventory 10,000 4,000 380,000 (7,000) Held for trading securities 60,000 40,000 12,000 75,000 Discount on N/R Loan receivable (L/R) Loss allowance on L/R (4,000) Deferred tax assets Advances to suppliers 12,000 80,000 Investment in associate Plant expansion fund Requirement: Compute for the total amount of financial assets.