PROBLEM 5 Ral Company reported the checkbook balance on Dec 31, 2020 at P5,000,000 and held the following items on same date: Check payable to Ral, dated January 2, 2021 in payment of a sale made in December 2020, not included in December 31 checkbook balance 2,000,000 Check payable to Ral, deposited December 15 and included in December 31 checkbook balance, but returned by bank on December 30 stamped "NSF." The check was redeposited on January 2, 2020 ahd cleared on January 9, 2020 500,000 Check drawn an Ral's account, payable to a vendor, dated and recorded in Ral's books on December 31, 2019 but not mailed until January 10,2020 300,000 Certificate of time deposit 1,000,000 What amount should be reported 10 points as cash on December 31, 2020? * Your