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Question 4 of 10 1 Point Fill in the blanks: On December 31, 2021, Baliuag Company had the following cash balances: Cash in bank P15.000,000 Petty cash fund (all funds were reimbursed on December 31, 2021) 50,000 Time deposit 5,000,000 Saving deposit 2,000,000 Cash in bank includes P500,000 of compensating balance against short term borrowing arrangement at December 31, 2021. The compensating balance is legally restricted as to withdrawal by Baliuag. A check of P300,ooo dated January 15. 2022 in payment of accounts payable was recorded and mailed on December 31, 2021. In the current assets section of the December 31, 2021 balance sheet, what amount should be reported as "cash and cash equivalents"