Chapter 3 -Cash B. The petty cash fund (imprest balance of P45,000) of Ara Company on December 31, 2021 is composed of the following: Coins and currencies P17,000 Petty cash vouchers: Postage stamps 1,000 Supplies 2,000 Cash advances to employees 3,000 Employee's check returned by bank marked DAIF 4,000 Replenishment check drawn by the company payable to the order of Maria Cortez, petty cash custodian Unused postage 500 Check payable to Meralco, for payment of the company's utility 3,500 bills A sheet of paper with names of employees together with contribution for a birthday gift of a co-employee in the 4,500 amount of Total P53,500 18,000 3. How much is the cash shortage or overage as of December 31, 2021? Indicate whether shortage or overage. 4. How much petty cash fund shall be shown as part of the Cash balance as of December 31, 2021