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6:54 . .| Cash and Cash Equivalents, Bank Rec.. 5. The cash account in the current asset section of the December 31, 2018 statement of financial position of Queen Consolidated consists of the following: Cash in banks 2,250,000 Plant expansion fund to be disbursed in Feb. 2, 2019 3,000,000 Petty cash fund (excludes unreplenish vouchers amounting to 5,000 as at December 31) 35,000 Excluded in the cash in banks is a customer's post-dated check of P45,000 and includes a compensating balance of P750,000 which the company can freely withdraw at their discretion. What is the correct cash balance of Queen Consolidated as at December 31, 2018? (2 Points) Enter your answer O