I. A count of the petty cash fund on January 3, 2016 revealed the following composition: Bills and coins Vouchers: December 2015 dates January 2016 dates IOUS (all dated December 2015) Employee's check dated December 27, 2015 Employee's check dated January 14, 2016 Unsigned pay envelope payable to an employee (the envelope has been opened and the money has been removed) P7,300.00 850.00 200.00 4,200.00 2,800.00 4,250.00 5,000.00 The balance of petty cash fund per books is P 15,000. How much is the cash shortage or overage. Indicate whether shortage or overage. Currency and coins Expense vouchers What is the correct amount of petty cash fund to be shown on the statement of financial position as of December 31, 2016? II. Your cash count of the Petty Cash Fund and undeposited collections as of that date showed the following: P6,400.00 3,000.00 Employees' IOUS 5,500.00 4,800.00 Customers' checks in payment of accounts Total P19,700.00 The amount of Petty Cash Fund per general ledger is P15,000. Upon comparing the official receipts with the bank validated deposit slips, you noted that P5,500 was not yet deposited to the bank. What is the amount of cash shortage. Indicate whether shortage or overage. What is the amount of Petty Cash Fund to be shown on December 31, 2016 statement of financial position?