BPI Company provided the following data during year-end (December 31, 2017): Petty cash fund-P50,000 Cash on hand-P500,000 Cash in bank-Current account-P4,000,000 Cash in bank-Payroll account-P1,000,000 Time deposit-P2,000,000 Cash in bank, restricted for plant addition (Expected to be disbursed next year)-P500,000 Cash in sinking fund, set aside for bond payable due next year - P1,500,000 The petty cash fund included unreplenished December 2017 petty cash expense vouchers of P5,000 and employee IOU of P5,000. The cash on hand included a P100,000 check payable to the entity dated January 31, 2018. In exchange for a guaranteed line of credit, the entity has agreed to maintain a minimum balance of P200,000 in the unrestricted current bank account What is the amount of cash and cash equivalents by year-end