The following information is given to your relating to HELLO S.T. PETER Corp. on December 31, 2020: Cash in Bank-PNB (1) 250,000 Cash in Bank-China Bank (2) 90,000 Cash in Bank-BPI (3) 400.000 Sinking Fund Cash (4) 500,000 10.000 Petty Cash Fund (5) 450,000 Investment in Equity and Debt Securities (6) 300,000 Accounts Receivable (7) Additional Information: 1. The Cash in Bank-PNB is a checking account wherein the company is legally required to maintain a minimum deposit balance of P100,000 in connection with a long-term loan obtained from PNB. 2. The Cash in Bank-China Bank is a checking account which is shown net of a P30,000 bank overdraft from a checking account with Blood Bank. 3. The Cash in Bank-BPI is a time deposit set aside for the purchase of Machinery in February 2021. It was deposited with BPI on February 1, 2020 and will mature on January 31, 2021. 4. The sinking fund is for the payment of a bank loan which is due on February 15, 2021. 5. On December 31, 2020, the Petty Cash Fund is composed of the following items: Currencies and Coins P4,000 Unreplenished Vouchers 3,000 Employee's check dated January 31, 2021 2,500 Currency in an envelope marked "collection for 1,500 New Year's Party with social distancing" Note: Cash shortages are charged to the petty cashier while cash overages are treated as miscellaneous income. 6. Investment in equity and debt securities: Amount Purchase Date Maturity/Redemption Date BSP Treasury Bills 200,000 February 1, 2020 January 31, 2021 PLDT Bonds 100,000 April 1, 2018 March 31, 2021 SMC Preference Shares 150,000 November 1, 2020 January 31, 2021 7. The accounts receivable is net of P40,000 credit balances in the accounts receivable ledger REQUIRED (2 points each): On December 31, 2020, how much should be the presented in the financial statements as: 1. Cash and cash equivalents 2. Trade and other receivables 7. The accounts receivable is net of P40,000 credit balances in the accounts receivable ledger REQUIRED (2 points each): On December 31, 2020, how much should be the presented in the financial statements as: 1. Cash and cash equivalents 2. Trade and other receivables 3. Short-term investments 4. Long-term investments 5. Trade and Other Payables