How much is the amortized cost on December 31, 2020?* ABC Company has the following data relating to accounts receivable for the year ended December 31, 2020: Accounts Receivable, January 1- P325,000 Allowance for Bad Debts, January 1- P18,400 Sales during the year, all on account, terms: 5/10, 3/15, n/30- P2,800,000 Cash received from customers during the year- P2,260,000 Accounts written off during the year- P17,500 Sales returns and allowances- P14,280 An analysis of cash received from customers during the year revealed that P1,140,000 was received from customers availing the 10-day discount period, P873,000 was received from customers availing the 15-day discount period, P12,000 represented recovery of accounts written off, and the balance was received from customers paying beyond the discount period. ABC Company's year-end balance of allowance for bad debts was estimated to be 5% of the outstanding accounts receivable as of December 31, 2020, based on the aging of the accounts. P733,209 P718,209 O P732,309 P708,909