The breakdown of the Cash and Cash Equivalents account of b Corporation as of December 31, 2021 is as follows: Cash on hand 135,000 Cash funds 5,450,000 Cash in bank 8,900,000 Investments 2,400,000 Some relevant items related to cash on hand are presented below: • Included in the balance are as follows: o A check received from a customer dated January 5, 2022, P5,000 o A customer check dated November 11, 2021, P12,000 o

The breakdown of the Cash and Cash Equivalents account of b Corporation as of December 31, 2021 is as follows:
Cash on hand 135,000
Cash funds 5,450,000
Cash in bank 8,900,000
Investments 2,400,000
Some relevant items related to cash on hand are presented below:
• Included in the balance are as follows:
o A check received from a customer dated January 5, 2022, P5,000
o A customer check dated November 11, 2021, P12,000
o A customer check dated February 4, 2021, P5,000
o Unused postage stamps, P800
o An undelivered check dated December 28, 2021, P24,000
• Excluded from the balance are as follows:
o A customer check dated December 30, 2021, P10,000
o An undelivered check dated December 30, 2021, P8,000
o A customer check dated March 31, 2021, P1,000
o Money order, P4,500
Relevant information regarding the cash funds are as follows:
• The petty cash fund balance is at P20,000. As of December 31, 2021, included in the fund are bills and coins for
P8,000, and various expense vouchers at P12,000.
• Dividend fund, P230,000
• Payroll fund, P200,000
• Bond sinking fund at P5,000,000. The fund was set up last February 4, 2017 for the issuance of a 5-year bond.
Cash in bank includes the following:
• Savings account in BPI for P1,000,000; including the proceeds of a 5-year loan of P200,000 credited in the account
last September 24, 2017 with a 10% legally restricted compensating balance
• Checking account in BDO for P3,200,000 which includes a balance of P3,400,000 on the entity’s first account and
an overdraft of P200,000 on the second
• Checking account in MB with an overdraft of P500,000
• Account in foreign bank ABB, P2,500,000; unrestricted in use
• Account in foreign bank BBB, P2,700,000; restricted in use for an expansion plan in that foreign country
Investments include the following:
• Investment in treasury bills
o TB with maturity date of January 31, 2022; acquired last November 2, 2021; P450,000
o TB with maturity date of February 2, 2022; acquired last June 28, 2021, P900,000
• Investment in equity securities
o Avengers Company ordinary shares acquired last December 1, 2021; for trading purposes and is expected to
be disposed within three months from the acquisition date; P350,000
o Abangers Company ordinary shares acquired last December 15, 2021; not for trading purposes; P400,000
o Sawi Corporation redeemable preference shares acquired last November 2, 2021; maturity date is February 28,
2022, P130,000
• Investment in debt securities with maturity date of March 31, 2022; acquisition date is December 1, 2021; P170,000

From the items in cash in bank, how much should be presented as part of current assets other than Cash and Cash Equivalents? [A] – 0 – [B] 20,000 [C] 200,000 [D] 180,000