Invoice dated and recorded November 16, 2020 was erroneously priced at P40 per unit. Inspection of contract Customer 36,000 revealed that approved Binalikan 40,000 purchase price per unit is P36 There were 1,000 units of goods delivered FOB destination which were received in December 2020. "Amounts per record is higher", the goods sold FOB destination was shipped on Customer December 30, 2020 and still in 60,000 80,000 Naghihintay transit as of December 31. The copy of sales invoice was forwarded through email on December 30 when goods were shipped. Determine the following as a result of your audit: 1. The adjusted gross balance of accounts receivable is? a. P3,325,000 b. P3,311,000 c. P3,306,000 d. P3,300,000 2. The allowance for bad debts as of December 31 is: a. P372,488 b. P374,236 c. P377,454 d. P378,250 3. The amount of total bad debt expense is: a. P255,250 b. P353,250 c. P352,454 d. P354,021 4. The net realizable value of accounts receivable as of December 31 is: a. P2,932,750 b. P2,972,546 c. P2,953,546 d. P2915,979 5. Assuming that the over 90 days' account is 100% uncollectible based on your substantive procedures, and a total of P98,000 was provided as uncollectible during the period, how much is the adjustment in allowance for bad debts at year as part of your PAJE? a. P338,375 b. P298,250 c. P172,125 d. P154,996