In your year-end audit of the company, the cashier showed a cash accountability of Php 12,000 as at

December 31, 2017. Selected transactions of the Corporation for the succeeding calendar year in summary

from follow:

Accounts written off 5,000

Depreciation of fixed assets 30,000

Disbursements for cost and expenses 750,000

Income tax accrued 10,000

Payment of bank loan 45,000

Subscriptions receivable 300,000

Subscribed capital stock 900,000

Proceeds from short-term bank loan 100,000

Purchases of fixed assets 450,000

Sales (80% collected) 770,000

How much is the cashier's cash accountability at December 31 of the following calendar year?