Shown below is the bank reconciliation for Marikina Company for November 2006: Balance per bank, Nov. 30, 2006 P150,000 Add: Deposits in transit 24,000 Total 174,000 Less: Outstanding checks P28,000 Bank credit recorded in error 10,000 38,000 Cash balance per books, Nov. 30, 2006 P136,000 The bank statement for December 2006 contains the following data: Total deposits P110,000 Total charges, including an NSF check of P8,000 and a service charge of P400 96,000 All outstanding checks on November 30, 2006, including the bank credit, were cleared in the bank in December 2006. There were outstanding checks of P30,000 and deposits in transit of P38,000 on December 31, 2006. Questions: Based on the above and the result of your audit, answer the following: 1. How much is the cash balance per bank on December 31, 2006? a. P154,000 b. P150,000 C. P164,000 d. P172.400