on Problem 1-22 (AICPA Adapted) Isabel Company provided the following information December 31, 2021: 400,000 Cash on hand 5,000,000 Security Bank current account 4,000,000 Manila Bank current account No. 1 ( 500,000) Manila Bank current account No. 2 (bank overdraft) BDO account set aside for bond payable due 3,000,000 December 31, 2022 1,500,000 United Bank saving account for equipment acquisition 2,000,000 United Bank time deposit, 90 days 1,000,000 Treasury bills Included among the checks drawn by Isabel Company against the Security Bank current account and recorded in December 2021 are: Check written and dated December 23, 2021 and delivered to payee on January 3, 2022, P100,000. Check written December 26, 2021, dated January 30, 2022 delivered to payee on December 28, 2021, P150,000. 1. What total amount should be reported as cash on December 31, 2021? a. 12,150,000 b. 12,650,000 9,150,000 d. 9,400,000 c. 2. What total amount should be reported as cash equivalents on December 31, 2021? a. 3,000,000 b. 4,500,000 c. 2,000,000 d. 2,500,000