Grace Corporation shows the following account balances in their financial records as of December 31, 2021.

Undeposited cash collections	P 23,850
Cashiers checks	45,500
Bank drafts	50,000
Demand deposit	105,000
Petty cash fund	10,000
Cash fund set aside for payroll purposes	250,000
Check from customer dated January 5, 2020	12,000
Travelers check	70,000

How much Cash balance is reported in the statement of financial position as of December 31, 2021? OPTIONS

P554,350

P304,350

P504,350

P566,350