111. PROBLEM 4: MULTIPLE CHOICE-COMPUTATIONAL 1. Dark Co.'s Dec. 31, 20x1 cash balance is P8,200,000 before possible adjustment for the following: Found in Dark's safe are the following: i. Customer check dated Jan. 8,20x2 amounting to P82,000 ii. Dark Co.'s own check, amounting to P40,000, drawn on Dec. 27, 20x1 and dated also as of that date. Bank draft received from a customer amounting to $53,000, initially recorded at the exchange rate of P52.50:$1. The bank draft is payable on demand upon presentation with the bank. The exchange rate on Dec. 31, 20x1 is P51.40:$1. iv. Bond certificates totaling P200,000 and all maturing on February 14, 20x2. The bonds were acquired on Nov. 16, 20x1 and were debited to the "Investments in Debt Securities account. Included in the cash balance is a bank deposit amounting to P2,800,000, which includes a compensating balance of P900,000 that is legally restricted as to withdrawal. How much cash and cash equivalents is presented in Dark Co's Dec. 31, 20x1 statement of financial position? a. 7,399,700 b.7,458,000 c. 7,516,300 d. 7,598,300