EXERCISE 2-2 Hatch Company shows the following account balances in its financial records as of December 31, 2020: Cashier's check IOU from the president's sister P 46,000 Bank draft 65,000 Traveler's check 40,000 Undeposited checks (includes a P100,000 check not accepted by the 40,000 bank due to lack of countersignature) Money order 220,000 Petty cash fund (bills and coins of P4,000) 50,000 Checking account - Unibank 12,000 Checking account - Tribank 450,000 Savings account - Unibank (85,000) Postage stamps 325,000 What is the cash balance to be reported on the statement of financial position? 6,500