Islander Company provided the following information with the respect to the cash and cash equivalents on December 31, 2019. Checking account at XYZ Bank (200,000) Checking account at ABC Bank 3.500,000 Treasury bonds 1,000,000 Payroll account 500,000 Value added tax account 400,000 Foreign bank account - unrestricted (in equivalent pesos) 2,000,000 Postage stamps 50.000 Employee's postdated check 300,000 IOU from president 750,000 Traveler's check 300,000 NSF customer check 150,000 Petty cash fund - comprising P20,000 in currency and expenses receipts for P30,000 50,000 Money order 180,000 1. What amount should be reported as unrestricted cash on December 31, 2019