Question 40 2 pts During 2021, the cash account of ACCCOB1 Legal Services was affected by receipts collected from clients, P420,000; proceeds from the sale of used office computers, P7,000; proceeds from a bank loan, P150,000; and additional investment from Arnes Clare Cobb, the owner of the company, P50,000. On the other hand, cash was used to buy new office furniture and fixtures, P80,000; to pay the bank interest of P2,300 and principal of P50,000, and to pay operating expenses of P297,000. Arnes Clare Cobb also made a cash withdrawal of P10,000 during the year. The balance of the Cash account at the beginning of 2021 was P83,500. How much is the cash balance of ACCCOB1 Legal Services at the end of 2021?