8. On December 31, 2020, First Company had the following cash balances: Cash in banks Petty cash funds (all funds were reimbursed on 12/31/20) P1,800,000 50,000 Cash in banks included P600,000 in a separate bank where-in the company is required to maintain a minimum average of P800,000 of 10 workings on a rolling basis. In the current assets section of First's December 31, 2020 statement of financial position, what total amount should be shown as cash? a. P1,200,000 c. P1,800,000 b. P1,250,000 d. P1,850,000