What amount should be reported as total assets at the end of the period? * HELL'S...

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What amount should be reported as total assets at the end of the period? * HELL'S KITCHEN Company has the following accounts information for the year ended December 31, 2021. as it was organized only on January 1, 2021: Accounts payable Accounts receivable Accumulated depreciation - Property and equipment Cash Finished goods - December 31 Goods in process - December 31 Net Income for the current year Property and equipment Raw materials - December 31 500,000 400,000 100,000 500,000 450,000 750,000 1,000,000 3,000,000 500,000 The company was organized on January 1, 2021 by issuing 25,000 ordinary shares of P100 par value being issued in exchange for property and equipment worth P3,000,000 and cash of of P1,000,000. What amount should be reported as total assets at the end of the period? * HELL'S KITCHEN Company has the following accounts information for the year ended December 31, 2021. as it was organized only on January 1, 2021: Accounts payable Accounts receivable Accumulated depreciation - Property and equipment Cash Finished goods - December 31 Goods in process - December 31 Net Income for the current year Property and equipment Raw materials - December 31 500,000 400,000 100,000 500,000 450,000 750,000 1,000,000 3,000,000 500,000 The company was organized on January 1, 2021 by issuing 25,000 ordinary shares of P100 par value being issued in exchange for property and equipment worth P3,000,000 and cash of of P1,000,000.

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