Government Accounting

Agency ABC had the following transactions for the FY 2019: On January 1, received from DBM the following allotments: capital outlay - P10M; personal services - P10M; and maintenance and operating expenses - P10M. In relation to the allotments given, NCAs was issued evenly throughout the year, though MDS Account. A monthly payroll fund was established consisting of the following items: salaries and wages-regular, Basic Salary -Civilian P550,000; Personal Economic Relief Allowance - P85,000; withholding taxes - P60,000; Retirement and Life Insurance Premiums - P45,500; PhilHealth Contribution - P22,000; PagIBIG Contributions - P11,800. The following are the monthly government share in relation to payroll: Retirement and Life Insurance premiums - P17,150; PhilHealth Contribution - P22,250; Pag-IBIG Contribution - P11950; and Employees Compensation Insurance Premiums- P11,750. Every June of each year, government employees are given a clothing allowance for a total of P350,000.13th month pay is a legal requirement so the government includes this on the May 15th pay of its employees. A 14th month pay is provided to employees and are given on the 15th of December. Assuming DBM issued sufficient NCAs to cover the expenditures of the agency, how much is the balance of RAOD-PS by year end?