Case 2: LOOT Co. (questions 6 - 13) LOOT Co sells one product and estimates the allowance for doubtful accounts to be 5% of gross accounts receivables. Presented below is the adjusted trial balance (*) of LOOT Co. on December 31, 2020 Credit (0 Debit (0 709 170 17 000 57 700 15 300 23 000 1 150 38 420 Accounts Property, plant & equipment, gross Accumulated depreciation Long-term investments in bonds inventory Accounts receivable, gross Allowance for doubtful accounts Cash Share capital-ordinary (3 por) Retained earnings Bonds payable (long-term) Accrued liabilities (short-term) Accounts payable Notes payable (short-term) sales revenue Cost of goods sold Selling expenses Bad debt expense Cash dividends Totals 756 000 53 000 9 000 1 100 800 840 24 900 11 400 4 400 2 600 1 800 863 790 863 790 Compute the balance of current assets on December 31, 2020