Seazone Inc. keeps all its cash in a checking account. An examination of the company's accounting records and bank statement for the month ended December 31, 2020 revealed the following information: The cash balance per book on December 31 is P4,700,000. . The bank statement shows on December 31 that the bank collected note for Seazone Co. and credited the proceeds of P450,000 to the company's account. . Checks outstanding on December 31 amount to P345,000. Seazone discovered that a check written in December for P30,000 in payment for an account payable, had been recorded in the Company's records as P300,000. Included in the December bank statement was NSF check for P450,000 that Seazone has received from a customer on December 21. The bank statement shows a P25,000 service charge for December. 50. How much is the correct cash in bank balance to be shown in the statement of financial position on December 31, 2020? P2,970,000 P4,495,000 P4,945,000 P4,600,000 ?