20. Listed below are selected transactions of Jungkook's Department Store for the current year ending December 31. 1. On December 5, the store received P4,500 from the Euphoria Players as a deposit to be retumed after certain furniture to be used in stage production was returned on January 15 the following year. 2. During December, cash sales totaled P798,000, which includes the 12% VAT that must be remitted to the BIR by the 5th day of the following month. 3. The store determined it will cost P100,000 to restore the area surrounding one of its buildings when the store is closed in 4 years. The present value of restoration is P64,000. 4. As a result of uninsured accidents during the year, personal injury suits for P350,000 and P60,000 have been filed against the company. It is the judgment of Jungkook's legal counsel that an unfavorable outcome is unlikely in the P60,000 case but that an unfavorable verdict approximating P250,000 (reliably estimated) will probably result in the P350,000 case, 5. Jungkook's Hybe store division consisting of 12 stores in Pangasinan is uninsurable because of the special risk of injury to customers, employees, and losses due to severe weather and subpar construction standards in older malls. During the year, it is considered one of the safest (luckiest) in the division's history because no loss due to injury or casualty was suffered Having suffered an average of three casualties a year during the rest of the past decade ranging from P60,000 to P700,000). management is certain that next year the company will probably not be so fortunate, How much are the total abilities related to the fore going transactions? (2 Points