At statement of financial position date, December 31, 2021, selected accounts has the following balances: Bank accounts with Banco de Oro: Checking account number 007 Checking account number 008 500,000 (50,000) 60-day time deposit 600,000 60-day treasury bill, due January 15, 2022 1,000,000 Check of customer, dated January 10, 2022 70,000 QUESTION: The cash and cash equivalents to be prepared in the December 31, 2021 statement of financial position amounts to: O 2,050,000 0 2,500,000 0 2,170,000 O 2,100,000 The following information are available for the determination of correct cash balance of Batanes Company on December 31, 2021: . Two checks for a total amount of P 125,000 were received on December 31, 2021 from a customer for payment of its P 125,000 account balance. One of the checks amounting to P 25,000 was returned on February 14, 2022 due to insufficient fund. A check was received and deposited for P 175,000 in December. The bank returned the check in January marked NSF. . A check from a customer for P 87,000 was received and deposited in December. In January, it was discovered that the customer's invoice balance amounted only to P 78,000. A check for P 9,000 was subsequently issued and mailed by the company to the customer for refund. QUESTION: Using the above data, what is the total amount to be included in the cash balance for purpose of the December 31, 2021 statement of financial position assuming that January information were known only after the issuance of the statement of financial position? O 387,000 O 203,000 O 378,000 O 262.000 The petty cash ledger balance as of December 31, 2021 is P3,000. Surprise cash count accounted the following: Currency and coins 1.019.20 535.00 IOUS slips from employees Envelop containing cash donation from employees intended for flood victims Paid petty cash vouchers: 115,000 Telegram charges Office supplies 58.00 134.00 Transportation 124.50 Postage stamps 74.00 390.50 Check of an employee dated January 5, 2022 200.00 Employee's check, marked NSF Check drawn for replenishment of petty cash 350.00 Total 500.00 3,109.70 QUESTION: What is the correct amount of petty cash fund that should be shown on the statement of financial position as of December 31, 2021