The correct total of current liabilities on December 31, 2020 is?

1. The following unadjusted sections of the Statement of Financial Position of the Loeb Inc. as at December 31, 2021 were presented to you. Cash P 85,000 Accounts receivable 282,400 Merchandise inventory 92,000 Deferred charges 8,600 Current assets P468,000 Trade accounts payable, net of P5,000 debit balance P125,000 Interest payable 3,000 Income tax payable 12,000 Money claims of Union pending final decision 45,000 Mortgage payable due in four annual installments 100,000 Current liabilities P285,000 A review of the above indicate that the Cash account of P85,000 included a customer's check returned by the bank marked NSF amounting to P1,250; and employee's IOU of P2,000; and P10,000 deposited with the courts for a case under litigation. Accounts receivable totaling P282,400 is composed of Customers, debit balances - P181,400; Advances to subsidiaries - P20,000; Advances to suppliers - P15,000; Receivables from Loeb officers - P18,000; Allowance for Bad Debts - (P8,000); and selling price of merchandise invoiced at 140% of cost but not yet delivered - P56,000 (The goods were not included in Merchandise Inventory). Based on the above and the result of your audit, answer the following: 1. The correct total of Current Assets on December 31, 2021 is a. P410,150 c. P413,400 b. P415,150 d. P418,400 2. The correct total of Current Liabilities on December 31, 2021 is