Dreamer Company reported the "Receivables" account with a debit balance of P2,000,000 at year-end.

The allowance for doubtful accounts had a credit balance of P50,000 on same date.

Subsidiary details revealed the following:

Trade accounts receivable 775,000

Trade notes receivable 100,000

Installments receivable,

normally due 1 year to two years 300,000

Customers' accounts reporting credit

balances arising from sales return (30,000)

Advance payments for purchase of merchandise 150,000

Customers' accounts reporting

credit balances arising from advance payments (20,000)

Cash advance to subsidiary 400,000

Claim from insurance entity 15,000

Subscriptions receivable due in 60 days 300,000

Accrued interest receivable 10,000

Required: Show your complete solution. Label every item properly.

a. Compute the amount to be presented as "trade and other receivables" under current assets.

b. Indicate the classification and presentation of the other items excluded from "trade and other receivables".