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3.Manoling Co. had the following account balances at December31,20x1.Cash in Banks2 250,000Cash on Hand125,000Cash legally restricted for additions to plant(Expected to be disbursed in 20x2)1,600,000Cash

3.Manoling Co. had the following account balances at December31,20x1.Cash in Banks2 250,000Cash on Hand125,000Cash legally restricted for additions to plant(Expected to be disbursed in 20x2)1,600,000Cash in banks include P600,000 of compensating balances againstshort-term borrowing arrangements. The compensating balancesare not legally restricted as to withdrawal by Manoling.What total amount should be reported as cash?

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