Hello Company provided the following account balances on December 31, 2020: Cash in bank, net of bank overdraft of 100,000 in another bank Cash set aside by the Board of Directors for purchase of a plant site Cash withheld from wages for income tax of employees General cash Cash in money market placement Treasury bills purchased on November 1,2020 maturing January 31, 2021 Treasury bills purchased December 1, 2020 maturing March 31, 2021 Investment in equity (preference shares) Cash in Sinking Fund set aside for bond payable due on June 30, 2021 Postal Money Order Postage Stamp 4,000,000 2,000,000 17,000 500,000 300,000 2,500,000 2,000,000 400,000 1,000,000 200,000 100,000 Cash in bank included a 500,000 compensating balance against short-term borrowing. The compensating balance is not legally restricted as to the withdrawal. General cash includes a check written by customer dated March 31, 2020 amounting to 200,000. On December 27, 2020, the entity delivered and recorded a check dated January 2, 2021 to a supplier amounting to 340,000. 1. What amount should be reported as part of cash and cash equivalent on December 31, 2020?