JAMB - Commerce (2021 - No. 13)

Use the information below to answer this question

A B C Balance Sheet as at 31/12/2004

₦
Share capital 200,000
Reserves 100,000
Long term liabilities 40,000
Current liabilities 30,000
370,000

₦
Fixed assets 180,000
Investment 100,000
Current assets 50,000
Fictitious assets 40,000
370,000

The total sum of financing short term projects is

₦ 30,000

₦200,000

₦70,000

₦40,000