On December 31, 2016, Wag Kang Aayaw Co’s “cash and cash equivalents account” balance per ledger

of P 5,700,000
includes:
Manager’s checks P 70,000
Traveler’s checks 100,000
Treasury note 50,000
Treasury shares, purchased on 12/1/2016, to be reissued on 3/1/2017 150,000
Escrow deposit 200,000
Bank drafts 20,000
Postal money order 20,000
Demand deposit 100,000
Treasury bills, purchased December 16, 2016 due March 15, 2017 50,000
160-day treasury bill 30,000
Time deposit – PCIB, one year, due March 31, 2017 180,000
Time deposit – PNB – 90 days 170,000
Time deposit – BPI 120 days 45,000
Money market instrument – due date 2/28/2017 40,000
Money market instrument – due date 6/1/2017 70,000
Cash in Bank – Metrobank, which includes compensating balance of P 50,000 for short-term 1,050,000
borrowing arrangement. The compensating balance is not legally restricted as to withdrawal.

Cash in Bank - Metrobank (100,000)

Cash in Bank – Firstbank, which includes a compensating balance of P 50,000 for long-term 450,000
borrowing arrangement. The compensating balance is legally restricted as to withdrawal.

Cash in Bank – Secondbank (60,000)

Cash in bank – Seatacbank, which includes a compensating balance of P 40,000 for short-term 150,000
borrowing arrangement. The compensating balance is legally restricted as to withdrawal.

Cash in bank – Seabank, which includes a compensating balance of P 40,000 for short-term 250,000
borrowing arrangement.
Petty cash fund – which includes unreplenished petty cash voucher for P 4,000 10,000
Payroll fund 100,000
Travel fund 20,000
Interest fund 40,000
Tax fund 30,000
Sinking fund 420,000
Preferred redemption fund 100,000
Contingent fund 200,000
Insurance fund 500,000
Fund for acquisition of Property, Plant & Equipment expected to be disbursed in 2017 800,000
IOUs from officers 20,000
Customers’ post dated checks 70,000
Customers’ checks returned by bank marked “NSF” 20,000
Redeemable preference shares – acquired 3 months to maturity date 15,000
Unused credit line 200,000
Revolving fund 100,000
Total cash and cash equivalents P 5,700,000

Required: Compute the cash and cash equivalents that should be presented in the statement of financial position.