CASE 3 (IS points) In the audit of the Nekoma Corporation's financial statements on December 31 , 20x3, the chief accountant of the said corporation provided the following information: Notes a able: Arisin from urchase of s Arising from five-year bank loans, on which marketable securities valued at P600,OOO have been pledged as security, P400,OOO due on June 30, 20x4; P100,000 due on Dec. 31 20x4 Arisin from advances officers due June 30 20x4 Reserve for eneral contin ncies Em o es' income tax withheld Advances received from customers on urchase orders P304,ooo 500,000 50 000 400 000 20 000 64 000