The auditor for Raki - Raki, Inc. examined the petty cash fund immediately after the close of business, June 30, end of the company's fiscal year. The following fund composition was arrived at: Currency P1,272 Fund Vouchers: Office supplies expense 388 Travel expense 240 Office equipment repairs 170 Loans to officers and employees 400 A check drawn by Raki - Raki, Inc., payable to the order of Jingle, fund custodian 1,100 An employee's check, returned by bank, stamped NSF 230 A sheet of paper bearing the signatures of several employees, together with their contributions (total P200) for a gift to a departing employee. Attached to the paper is currency of 200 The petty cash fund general ledger account has an imprest balance of P4,000. Questions: Based on the result of your audit, answer the following a. How much is the cash shortage as of June 30, 2007? b. At what amount should the cash fund be shown in the balance sheet as of June 30, 2007