Problem 4-11 (PHILCPA Adapted) At year-end, Harem Company reported accounts receivable of P8,200,000 with the following analysis: Accounts known to be worthless 100,000 Advance payments on purchase orders 400,000 Advances to subsidiary 1,000,000 Customers' accounts reporting credit balances arising from sales returns ( 600,000) Trade accounts receivable 3,500,000 Subscription receivable due in 30 days 2,200,000 Trade installments receivable due 1 - 18 months, including unearned finance charge of P50,000 850,000 Trade accounts receivable from officers, due currently 150,000 Trade accounts on which postdated checks are held and no entries were made on receipt of checks 200,000 What is the correct balance of trade accounts receivable? a. 4,650,000 b. 4,700,000 c. 4,150,000 d. 4,050,000