Can I ask for the solution for these following problems? This is from my subject in Intermediate Accounting.

1.) On Dec. 31, 2020, Aicka Company had the following cash balances:

Cash in bank-current account 6,000,000

Petty cash fund-all funds were reimbursed at year-end 50,000

Time deposit-three months, due January 15, 2021 2,500,000

Saving deposit

Cash in bank included P400,000 of compensating balance against short term borrowing arrangement.

The compensating balance is legally restricted as to withdrawal.

What total amounts should be reported as cash and cash equivalents?

a,) 9,500,000

b.) 9,150,000

c.) 9,100,000

d.) 6,950,000

2.) Calla Company had a checkbook balance on Dec. 31, 2020 of P8,000,000 and held the following items in the safe:

Check payable to Calla, dated Jan. 5, 2021,

included in Dec. 31 checkbook balance 2,000,000

Check payable to Calla, deposited Dec. 20,

and included in Dec. 31 checkbook balance,

but returned by bank on Dec. 30, stamped

"NSF". The check was redeposited Jan. 2, 2021

and cleared Jan. 3, 2021. 500,000

Check drawn on Calla's account and payable to a vendor,

dated and recorded Dec. 31 but not mailed

until Jan. 15, 2021 1,500,000

Cash on hand-undeposited collections 400,000

Change fund 40,000

Time deposit for plant expansion 1,000,000

Treasury bill 2,500,000

Money market placement 3,000,000

Postage stamps unused 10,000

What total amount should be reported as cash on Dec. 31, 2020

a.) 7,400,000

b.) 7,440,000

c.) 8,440,000

d.) 7,450,000

What total amount should be reported as cash equivalents on Dec. 31, 2020

a.) 6,500,000

b.) 3,000,000

c.) 5,500,000

d.) 2,500,000