1.The following pertains to Solid Co. at December 31, 2017:

Checkbook balance P 60,000

Bank statement balance 80,000

Check drawn on Solid's account, payable to

a vendor, dated and recorded 12/31/14

but not mailed until 1/10/159,000

On Solid's December 31, 2017 balance sheet, what amount should be reported as cash?