Bebe 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?