57. The December 31, 2020 trial balance of Hero Company included the following accounts: Cash on hand 500,000 Petty cash fund P 20,000 Security Bank current account 1,000,000 PNB current account 350,000 BSP treasury bill - 60 days 3,000,000 BPI time deposit - 30 days 2,000,000 Details are as follows: The cash on hand included a customer postdated check of P100,000. The petty cash fund included unreplenished petty cash vouchers for P2,000 and an employee check for P3,000 dated January 31, 2021. A check for P200,000 was drawn by the company against its Security Bank account, dated January 15, 2021, delivered to the payee, and recorded on December 29, 2020. The BPI time deposit is set aside for the acquisition of land to be used as a factory site.

What total amount of cash and cash equivalents should be reported in the statement of financial position on December 31, 2020?

a. P4,965,000

b. P6,965,000

c. P1,965,000

d. P4,765,000