Hi. Please answer this immediately, I'll upvote. Show all your calculations, do not hand-write the answers.

PROBLEM 1

The following comprises Cash and Cash Equivalents account details of Antiope Inc.'s for

the period ended December 31, 2022:

Current account at Bank of the Philippine Islands P6, 000, 000 (P200, 000 of the amount is compensating balance for a 2-year loans payable to the bank due December 31, 2023. The entity is not legally restricted from withdrawing the balance as per the agreement with the bank) Current account at Equitable PCI Bank (300, 000) (Overdrafts are repayable on demand and forms an integral part of the entity's cash management policy)Payroll account 1, 500, 000 Foreign bank account - restricted (in USD) * * 60, 000 Postage stamps 3, 000 An officer's post-dated check 12,000 Bank drafts 30, 000 Credit memo from a vendor for a purchase return 60, 000 Traveler's check 150, 000 Customer's not-sufficient-funds check 45,000 Money orders 90, 000 Petty cash fund (P10, 200 in currencies, P2, 100 in 30, 000 employee check dated January 3, 2023 and expense vouchers for P16, 500) Treasury bills, due 3/31/23 (purchased 11/30/22) 600, 000 Treasury bills, due 1/31/23 (purchased 10/31/22) 900 , 000 Redeemable preference shares, mandatory redemption date 3/31/2023 (acquired 3/31/2022) 100, 000 Change fund 10, 000 Bond sinking fund 1, 000, 000Date Payor Payee 12/10 ABC Corp. - Hippolyta Corp. 20, 000* Customer 2, 000 12/27 E. James - Hippolyta Corp. 12,000 Employee 15,000 12/28 DEF Co. - Customer Hippolyta Corp. 32, 000 12/29 Hippolyta Corp. Marawi Co. - 19,000 Supplier 1/2 XYS Co - Customer Hippolyta Corp. 1/4 UVW Inc. - Hippolyta Corp. Customer *returned by the bank marked NSF Petty cash expense vouchers: Date Particulars Amount 12/28 Office repairs 2, 100 12/28 Postage stamps 3, 000 12/29 Officers' meals 2, 500 1/2 Gas and oil 2, 000 Employee IOUS 1 , 500 Unused postage stamps 2, 500 Petty cash receipt vouchers: Date Particulars Amount 12/29 Employee contributions for 3, 200 charity 12/30 Return of travel expense 500 advanceDecember 1, balance 2, 580, 000 Total bank credits 9, 650, 000 Total bank debits 8, 990, 000 December 31, balance ?\fTrade accounts receivable Trade accounts receivableIr assigned assignment amounted to P650,000) Trade accounts receivableIr factored [proceeds from factoring done on a withoutrecourse basis amounted to P250.000 Trade notes receivable [proceeds from Trade notes receivableIr discounted [proceeds from discounting done on a withrecourse basis amounted to P00,000Ir Recourse obligation is considered significant) Trade receivables rendered worthless Installments receivableIr years normally due 1 year to two Customers' accounts reporting credit balances arising from sales returns Customers' accounts reporting credit balances arising from advance payments Cash advances to associate company Claims from shipping company for damaged goods while intransit Subscriptions receivable due in 60 days Deposits on long term contract bids Pl,550,000 T50,000 300,000 200,000 100,000 50,000 250,000 60,000 40,000 000,000 30,000 400,000 200,000 Balance per General Ledger P2 , 910, 000 Invoice price of goods delivered on December 29. (80 , 000) Received by the customer on December 31. Freight Term: FOB Buyer Invoice price of goods delivered on December 30. Goods (50 , 000) still in transit as of December 31. Freight term: FOB Destination Invoice price of goods delivered on December 31. Goods 75, 000 still in transit as of December 31. Freight term: FOB Shipping Point Customer collection check dated November 30, in payment (120 , 000) of an Invoice dated October 20, returned by the bank marked NSF Customer collection check dated December 30, in payment 60, 000 of an Invoice dated November 20 Customer collection check dated January 3, in payment 90, 000 of an invoice Dated December 10 Credit memo for sales returns on sales invoice dated 20, 000 August 4 Preference shares subscriptions receivable, Due March (250, 000) 3, 2024 Write-off of worthless accounts (Sales invoice dates 76,000 April 10 - P44, 000; July 20 - P32, 000) Balance per Subsidiary Ledger P2, 731, 000Age Amount % Doubtful of collection Current [160 days) 2% 160 days past due [61120 days) 10% 61120 days past due {121100 20% days) More than 120 days past due 441,000 40% [3100 days)