with solution please

Apollo Company uses the allowance method of accounting for bad debts. The following summary schedule was prepared from an aging of accounts receivable outstanding on December 31 of the current year. No. of Days Probability Outstanding Amount of Collection 0-30 days P500,000 98 31-60 days 200,000 90 Over 60 days 100,000 .80 The following additional information is available for the current year: The balance of Allowance for Bad Debts as of January 1 is P2,000 credit. If Apollo bases its estimate of bad debts on the aging of accounts receivable, what is the net realizable value of accounts receivable as of December 31? O P752.000 O P738,000 O P750,000 P800,000 47 2 pts . . Apollo Company reported the following information at year end: Share investments of P1,000,000 that are very actively traded in the stock market. Government treasury bills of P2,000,000 with a 10-year term but purchased on December 31 at which time they had two months to go until maturity. Cash of P3,400,000 in the form of coin, currency, savings account and checking account. . Commercial papers of P1,500,000 with term of nine months but purchased December 31 at which time the had three months to go until maturity. What total amount should be reported as cash equivalents? O P1,500,000 A O P3,500,000 O P2,000,000 O P4,500,000