In connection with your audit of financial statements of BATO Company for the year ended December 31, 2016, you gathered the following information. 1. The company maintains its current account with POKEMON Bank. The bank statement on December 31, 2016 showed a balance of P638,340. Your audit of the company's account with POKEMON Bank disclosed the following: A check for P22,500 received from a customer whose account is current had been deposited and then returned by the bank on December 28, 2016. No entry was made for the return of this check. The customer replaced the check on January 15, 2017. A check for P5,720 was cleared by the bank as P7,520. The bank made the correction on January 02, 2017. A check for P3,500 representing payment of an employee advance was received and deposited on December 27, 2016, but was not recorded until January 03, 2017. Post dated checks totalling P67,300 were included in the deposits in transit. These represent collections of current accounts receivable from customers. The checks were actually deposited on January 05, 2017. Various debit memos for drafts purchased for payment of importation of equipment totalling P230,000 were not yet recorded. These purchases were previously set up as accounts payable. Said equipment arrived in December 2015. Interest earned on the bank balance for the 4th quarter of 2016, amounting to P1,950 was not recorded. Bank service charges totalling P1,260 were not recorded. Deposit in transit and outstanding checks at December 31, 2016 totaled P136,250 and P276,380 respectively. 2. Various expenses from the company's imprest petty cash fund dated December 2016 totaled P16,250 while those dated January 2017 amounted to P5,903. Another disbursement from the fund dated December 2016 was a cash advance to an employee amounting to 3,500. A replenishment of the petty cash fund was made on January 08, 2017. 3. The company's trial balance on December 31, 2016 includes the following accounts: Cash in bank - Pokemon Bank P748,320 Cash in bank - Jejemon Bank (restricted account for Plant expansion, expected to be disbursed in 2017 700,000 Petty cash fund 30,000 Time deposit, placed December 20, 2016 and due March 20, 2017 Money market placement - Jejebuster Bank 1,000,000 4,000,000 REQUIRED: 1. What is the adjusted petty cash fund balance on December 31, 2016? 2. The petty cash shortage on December 31, 2016 is? 3. What is the adjusted cash in bank Pokemon Bank balance on December 31, 2016? 4. The entry to adjust the cash in bank - Pokemon Bank account should include a debit to? 5. The December 31, 2016 statement of financial position should show cash and cash equivalents at?