Problem 1-12 PHILCPA Adapted) caldor Starex Company provided the following information at year-end: Checking account at Metrobank 3,000,000 Employee's postdated check 120,000 Foreign bank account unrestricted and in equivalent pesos 2,500,000 IOU from company president 500,000 NSF customer check 100,000 Petty cash fund, expense receipts P40,000 50,000 Postage stamps 10,000 Treasury bonds 500,000 Value added tax account 1,500,000 What amount should be reported as unrestricted cash? a. 7,050,000 b. 5,500,000 c. 7,010,000 d. 5,510,000