Problem 5: The December 31, 2023, financial information of Bam-Bam Company includes the following balances appearing in the cash and cash equivalents section: Cash on hand Petty cash fund Payroll fund Metro Bank current account Citibank current account No. 1 Citibank current account No. 2 Certificate of deposits Treasury bonds BSP treasury bill-90 days Global Bank time deposit 1,000,000 50,000 200,000 2,000,000 800,000 (150,000) 300,000 500,000 2,500,000 3,000,000 Additional information: The cash on hand includes a postdated check for P100,000 received from a customer and postal money order of P60,000. The petty cash fund includes unreplenished vouchers for P10,000 and an accommodated check of P5,000 dated January 5, 2024. A check for P300,000 had been written and recorded against the Metro Bank account on December 30, 2023, but the check was not mailed until January 2, 2024. The time deposit account is for the purchase of PPE and to be disbursed on March 31, 2024. 1. What is the total "cash" to be reported as current asset on December 31, 2023? 2. What is the total cash and cash equivalents to be reported as current asset on December 31, 2023?