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In January of 2020 Jack Daniels invested $ 200000 from his private savings...

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Accounting

In January of 2020 Jack Daniels invested $ 200000 from his private savings account into his business bank account. At the end of first year which ended 31 December 2020 Jack Daniels received a $400000 loan from his banker to expand the business. He presented the following information at the end of the year
$
Motor vehicles 300000
Inventory 70000
Bank balance (Included loan amount)415000
Office furnishing 40000
Trade receivables 85000
Trade payables 90000
Telephone bill unpaid 3000
Loan (repayable 2030)400000
The total current liabilities at the end of the year is $...........................

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