kindly provide solution with explanation.

3. On December 31, 2019, Lawless Company had the following cash balances: Cash in bank 5,000,000 Petty cash fund 80,000 Time deposit, 3 months, due March 1, 2020 2,000,000 Savings deposit 700,000 A check of 500,000 dated January 1, 2020 in payment of accounts payable was recorded and mailed on December 28, 2019. In the December 31, 2019 statement of financial position, what total amount should be reported as \"cash\