1. On December, 31 2021, Alberto Company had the following cash balances: \begin{tabular}{lr} Cash in banks & 1,800,000 \\ \hline Petty cash funds (all funds were reimbursed on Dec. 31, 2021) & 50,000 \end{tabular} Cash in banks includes P600,000 of compensating balances against short-term borrowing arrangements at December 31, 2021. The compensating balances are not legally restructed as to withdrawal by Alberto. In the current assets section of Alberto's December 31, 2021 Statement of financial postion, how much is the total amount of cash reported? 2. At December 31,2023 , Davie Company had the following balances in the accounts it maintains at XYZ Bank: \begin{tabular}{|l|l|l|} \hline Checking account No. 101 & 175,000 \\ \hline Checking account No. 201 & (10,000) \\ \hline Money market account & 25,000 \\ \hline 90-day certificate of deposit, due 2/28/24 & 50,000 \\ \hline 180-day certificate of deposit, due 3/15/24 & 80,000 \\ \hline \end{tabular} Davie classified investments with original maturities of three months or less as cash equivalents. In its December 31,2023 Statement of financial position what amount should Davie report as cash and cash equivalent