Argentina Company reported the following accounts on December 31, 2020: Cash on hand 1,000,000 Petty cash fund 50,000 Security Bank current account 2,000,000 PNB current account 1,500,000 BDO current account (overdraft) (200,000) BSF' treasury bill 120 days 3,000,000 BPI time deposit 90 days 2,000,000 Bond sinking fund 2,500,000 The cash on hand included a customer-posted check of P150,000 and postal money order of P50,000. The BPI time deposit is set aside for the acquisition of land to be made in early January 2021 . The bond sinking fund is set aside for payment of bond payable due December 31, 2021. .- G 0 Requirement: Compute the total amount of Cash and Cash equivalents that should be reported on December 31, 2020