Garfield Company had the following cash balances at December 31, 2020:

Un-deposited coin and currency	P	35,000
Unrestricted demand deposit		1,450,000
Company checks written (and deducted from the demand deposits amount) but not scheduled to be mailed until January 2		180,000
Time deposits restricted for use (expected use in 2021)		3,000,000

In exchange for a guaranteed line of credit, Garfield has agreed to maintain balance of P 150,000 in its unrestricted demand deposit account.

How much should Garfield report “Cash” in its December 31, 2020, statement of financial position?