2. The following items required consideration in preparing the financial statements: On Jan 1, 2019, the corporation made a loan of P120,000 to an employee, payable on Apr. 30, 2020 with an interest of 2% per annum. On due date, she's expected to pay the loan and the total interest. The corporation paid P90,000 for insurance in 2019 covering the year ending Aug. 31, 2020. On Jan. 2, 2020, the corporation received rent from a tenant P40,000 covering the six months to Dec. 31, 2019. What is the total amount to be included in the statement of financial position as at Dec. 31, 2019? Receivables and Prepayments Payables and Accruals a. P220,000 P 2,400 b. P222,400 zero C. P102,400 zero d. P162,400 P60,000