Estalaon Company started operations on October 2,2018 which the owners investing P150,000 cash. Monthly bank reconciliation statements have not been prepared, however, bank statements for October, November and December were made available to you. Your analysis of these bank statements showed total bank credits (deposits) of P575,000 including the owners initial investment and a bank loan, details of which are in the additional data. The bank statement in December,2018 showed an ending balance of P30,200.

"Examination of the paid checks disclosed that checks totaling P4,500 were issued by the company in December 2018, and were presented for payment only in January 2019. Cash count of the cashiers accountability amounted to P6,300. You were told by the cashier that P5,000 of this, in checks, were cash sales on December 29, 2018, deposited on January 3, 2019. The balance, in currency and coins, represents petty cash fund.

Additional information are as follows: Accounts receivable subsidiary ledgers had a total balance of P70,000 at December 31,2018. P5,000 of this was ascertained to be uncollectible. Suppliers unpaid invoices for merchandise totaled P15,000; while an account for store fixtures bought for P50,000 had an unpaid balance of P5,000. Merchandise inventory at December 31,2018 amounted to P30,000 but P5,000 of these were spoiled with no residual value. The bank statement in October showed a bank credit for P87,000, dated October 2,2018. Inquiry from the cashier disclosed that the amount represents proceeds of a 90-day, discounted bank note. P80,000 of this loan was paid by check in December 2018.

Operating expenses paid during the period totaled P180,000; while merchandise purchases amounted to P250,000. The gross profit rate is 120% of cost.

Answer the following question:

1. How much is the cash accounted for?

2. How much is the cash considered as accountability?

3. What is the amount of cash shortage?