Joanne Company provided the following data on December 31, 2023: Checkbook balance Bank statement balance 5,000,000 4,000,000 Check drawn on Joanne's account, payable to supplier, dated And recorded on December 31, 2023, but not mailed until January 31, 2024 1,000,000 Cash in sinking fund 1,500,000 Treasury bills, purchased November 1, 2023, and maturing January 31, 2024 Time deposit, purchased October 1, 2023, and maturing January 31, 2024 7. What is the total cash and cash equivalents to be reported as current asset on December 31, 2023? 2,500,000 2,000,000