Jensen Co. had the following balances at December 31, 2020:

• Cash in checking account P35,000
• Cash in money market account P75,000
• Treasury bill, purchased 10/1/2020, maturing 1/31/2021, P350,000
• Treasury bill, purchased 12/1/2020, maturing 3/31/2021, P300,000

Jensen's policy is to treat as cash equivalents all highly liquid investments with a maturity of three months or less when purchased. What amount should Jensen report as Cash and Cash equivalents in its December 31, 2020 Statement of financial Position?