Question No. 2 (15 points) The Anthony Corporation reported its cash and cash equivalent account balance in its unaudited balance sheet as of December 31, 2021 for P45,072,200. The following information from the subsidiary ledger of cash and cash equivalent provides the detail of the account: Reconciled balance in Standard Chartered Bank checking account 155,000 ) Cash on hand (undeposited sales receipts) 87,000 RCBC Certificate of Time Deposits (180 days) 2,450,000 Customer's notes receivable 550,000 Employee travel advances 220,000 Balance in Probinsyano Rural Bank 350,000 Postage Stamps 1,500 Cash in Bond Sinking Fund 5,000,000 Customer's postdated check 12,000 PNB Certificate of Time Deposits (45 days) 875,000 Check issued in 2020 to supplier but not negotiated with the bank yet 42,000 Postdated dividend checks payable to Anthony's stockholders 4,255,000 Check for MERALCO as payment for utility expenses still on hand 49,250 Unused credit line 2,000,000 IOUs representing advances to employees 15,700 Treasury Bills (acquired 11-15-21; due 02-15-22, term 180 days) 750,750 Proceeds from Treasury notes (acquired 01-20-21; due 7-21-21) 920,000 Meralco common shares 1,250,000 Money market papers (maturity date: 01-12-22; purchased: 11-27-21) 77,000 BPI savings account (for construction of building 4 years after May, 2021) 18,000,000 Pension Fund 7,000,000 Philnabank Trust certificates (due on 09-09-2022; acquired 05-23-21) 822,000 Eastwest Bank checking account (for general purposes) 321,000 Petty Cash Fund (unreplenished vouchers: P15,000) 20,000 Supplier's check dated 12-29-21 for goods returned by Anthony 33,000 Metro Bank Contingency Fund 92,000 Debit memo from supplier for merchandise returned by Anthony 15,000 PNB Deposits in transit 19,000 Total Cash and cash equivalent 45,072,200 Other Items on hand Bank of Hawaii Demand Draft (exchange rate US$1:P48) US$20,000 Euro Traveler's checks (1EUR:P57.40), EUR 5,000 Required: Compute for the Cash & Cash Equivalent balance to be presented in the Statement of Financial as of December 31, 2021 for Anthony Corporation. Note: to be corrected applying right minus wrong method. Question No. 3 (25 point) Your audit of STUVWXYZ Company reveals the following: 1. Balances taken from the company's general ledger: Cash balance, February 28 653,460 Cash balance, March 31 593,580 Disbursements 417,640 2. Balances taken from the March bank statement Bank balance, February 28 685,180 Bank balance, March 31 637,220 Receipts 356,080 3. Outstanding checks February 28 64,140 March 31 74,080