The ledgerof VW Co. in 20x1 includes the following: Cash 200,000 Accounts receivable 400,000 Inventory 1,000,000 Accounts payable 300,000 Note payable 100,000 Upon checking VW's books, the following were noted: Cash sales in 20x2 amounting to $20,000 were inadvertently included as sales in 20x1. WW recognized gross profit of P6,000 on the sales. A collection of a 40,000 accounts receivable in 20x2 was recorded as collection in 20x1. A cash discountofP2,000 was given to the customer. During January 20x2, a short-term bank loan of P50,000 obtained in 20x1 was paid together with 5,000 interest accruing in January 20x2. The payment transaction in 20x2 was inadvertently included as 20x1 transaction. . How much is the adjusted working capital as of December 31, 20x1? How much should be reported as cash in the statement of financial position as of December 31. 20x12