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PC Incorporated PC Company is engaged in small export business. The company maintains limited records. Most of the company's transactions are summarized in a cash journal; non-cash transactions are recorded by making memorandum entries. The following are extracted from the company's records: Accounts receivable 370,000 increase Notes receivable 200,000 decrease Accounts payable 150,000 decrease Notes payable - trade 200,000 increase Notes payable bank 300,000 increase Sales returns (P50,000 was refunded) 80,000 Sales discounts 20,000 Purchase returns (P30,000 was refunded) 80,000 Purchase discounts 35,000 Accounts written-off 60,000 Recovery of accounts written off 18,000 Cash sales 300,000 Cash purchases 250,000 Cash received from account customers 1,500,000 Cash payment to trade creditors 1,200,000 Required: Compute for the balances of these accounts on December 31, 2X20 (2 items x 10 points). Total gross sales . Total gross purchases