The following accounts were included in the unadjusted trial balance of BUNCHING COMPANY as of December $31,2017$:

Cash.........e

Accounts receivable....

Inventory.........

Accounts payable...

accrued expenses

$.....$P $963,200$

$..\mathrm{.}2,254,000$

$6,050,000$

$4,201,000$

$..\mathrm{.}431,000$

During your audit, you noted that Bunching Company held its cash books open after year$-$end.

In addition, your audit revealed the following:

$1.$ Receipts for January $2018$ of P$654,600$ were recorded in the December $2017$ cash receipts book. The receipts of P$360,100$ represent cash sales and P$294,500$ represent collections from customers, net of $5\%$ cash discounts.

$2.$ Accounts payable of P$372,400$ was paid in January $2018.$ The payments, on which discounts of P$12,400$ were taken, were included in the December $2017$ check register.

$3.$ Merchandise inventory is valued at P$6,050,000$ prior to any adjustments.

The following information has been found relating to certain inventory transactions:

a$.$ The invoice for goods costing P$175,000$ was received and recorded as a purchase on December $31,2017.$ The related goods, shipped FOB destination, were received on January $4,2018,$ and thus were not included in the physical inventory.

A P$182,000$ shipment of goods to a customer on December $30,2017,$ terms FOB destination, are not included in the year$-$end inventory. The goods cost P$130,000$ and were delivered to the customer on January $3,2018.$ The sale was properly recorded in $2018.$

c$..$ Goods costing P$637,500$ were shipped on December $31,2017,$ and were delivered to the customer on January $3,2018.$ The terms of the invoice were FOB shipping point.

The goods were included in the $2017$ ending inventory even though the sale was recorded in $2017.$

d$..$ Goods costing P$217,500$ were received from a vendor on January $4,2018.$ The related invoice was received and recorded on January $6,2018.$ The goods were shipped on December $31,2017,$ terms FOB shipping point.

e$..$ Goods valued at P$275,000$ are on consignment with a customer. These goods are not included in the inventory figure.

Goods valued at P$612,800$ are on consignment from a vendor. These goods are not included in the physical inventory.

Determine the adjusted balances of the following on December $31,2017$ and compute for the current ratio.

$1.$ Cash

$2.$ Accounts Receivable

$3.$ Inventory

$4.$ Accounts Payable

$5.$ current ratio