The Following Details Are Relevant to Lucrezia's Current Assets at 31

Multiple Choice

The following details are relevant to Lucrezia's current assets at 31 December 20X3: Inventory: her inventory at cost totals £29 030.Of this amount £2600 relates to items that are rapidly becoming obsolete.Lucrezia has been looking round for possible purchasers and thinks she has agreed a deal with a trader who will pay her £1000 for these items.
Trade receivables: Lucrezia's trade receivables total £22 450.Usually, her trade receivables are settled reliably and quickly.However, there has been a general downturn in the economy and she has decided to make an allowance of 2% for the first time.
Cash: cash at bank is £8850.
There are no other current assets.
What is the total value of Lucrezia's current assets at 31 December 20X3 for inclusion in her statement of financial position?

A) £57 281
B) £59 179
C) £58 179
D) £58 281