BCareful Corporation is preparing its financial statements as of December 31, 2021. The following information were obtained by the accountant: Cash in bank, BPI P 980,000 Cash in foreign bank, restricted $ 7,000 Cash in closed bank 280,000 Working funds Petty cash fund 18,000 Change fund 5,000 Tax fund 95,000 5-month time deposit dated and acquired on November 16, 2021 250,000 2-month time deposit dated December 12, 2021 150,000 Other information 1. The exchange rate as of December 31, 2021 is $1 = P52. 2. The cash in bank BPI is not yet adjusted, the company has yet to perform any bank reconciliation nor proof of cash. The information pertaining to cash in bank BPI are as follows: November 30 December 31 Cash in bank, per books ?????? 980,000 Balance per bank statement 850,000 952,000 Deposit in transit 375,000 ?????? Outstanding check 75,500 ?????? Amounts collected by the bank and credited to the depositor 120,000 80,000 Bank service charges 500 300 Notes paid by the bank on behalf of the depositor 150,000 325,000 NSF check this month and redeposited the same month none 50,000 Book debits 850,000 Book credits 970,000 Bank credits 832,000 Bank debits 730,000 The company recorded a disbursement twice in November, amounting to P80,000. This was corrected in December. How much is the correct cash in bank, BPI as of December 31, 2021? BCareful Corporation is preparing its financial statements as of December 31, 2021. The following information were obtained by the accountant: Cash in bank, BPI P 980,000 Cash in foreign bank, restricted $ 7,000 Cash in closed bank 280,000 Working funds Petty cash fund 18,000 Change fund 5,000 Tax fund 95,000 5-month time deposit dated and acquired on November 16, 2021 250,000 2-month time deposit dated December 12, 2021 150,000 Other information 1. The exchange rate as of December 31, 2021 is $1 = P52. 2. The cash in bank BPI is not yet adjusted, the company has yet to perform any bank reconciliation nor proof of cash. The information pertaining to cash in bank BPI are as follows: November 30 December 31 Cash in bank, per books ?????? 980,000 Balance per bank statement 850,000 952,000 Deposit in transit 375,000 ?????? Outstanding check 75,500 ?????? Amounts collected by the bank and credited to the depositor 120,000 80,000 Bank service charges 500 300 Notes paid by the bank on behalf of the depositor 150,000 325,000 NSF check this month and redeposited the same month none 50,000 Book debits 850,000 Book credits 970,000 Bank credits 832,000 Bank debits 730,000 The company recorded a disbursement twice in November, amounting to P80,000. This was corrected in December. How much is the correct cash in bank, BPI as of December 31, 2021