During your audit of the financial statements of Havana Corporation for the year ended December 31, 2020, the following information were presented to you including the related information:

• Cash receipts from various customers during 2020, P 8,400,000
• Accounts Receivable, 12/31/2019, P 1,470,000
• Allowance for Doubtful Accounts, 12/31/2019, P 32,400
• Credit sales during 2020, P 9,000,000

Included in the cash receipts from various customers was the full recovery of account of customer Lawrence Abrea amounting to P 32,000 which was written off in year 2019.

During 2020, two customers accounts were written off totaling P 40,400.

On December 15, 2020, customer Jeffrey Hans settled his account by issuing a 9%, six month note for P 500,000.

At year end, it was found out that included in the accounts receivable balance was the P 201,600 past due accounts. The management estimated that the probable loss caused by this type of account was 10% of the amount. In addition, 2% of the current account receivable might prove uncollectible.

Based on the foregoing, answer the following questions:

1.	What is the balance of Accounts Receivable as of December 31, 2020?	[ Select ] ["Some other answer", "P 1,561,600", "P 2,102,000", "P 1,642,400", "P 1,602,000"]
2.	What is the amount of the current accounts receivable that might prove to be uncollectible?	[ Select ] ["P 28,816", "P 27,200", "P 28,008", "P 38,008", "Some other answer"]
3.	What is the balance of the Allowance for uncollectible accounts after all the necessary adjusting entries on December 31, 2020?	[ Select ] ["P 28,008", "P 47,360", "Some other answer", "P 24,168", "P 20,160"]