PROBLEM Z Yasmin Company provided the following information on December 31, 2020 Petty cash fund 50,000 Current account - First Bank 4,000,000 Current account - Second Bank (overdraft) (250,000) Money market placement - Third Bank 1,000,000 Time deposit - Fourth Bank 2,000,000 A check for P100,000 was drawn against First Bank current account dated and recorded December 29, 2020 but delivered to payee on January 15, 2021. The Fourth Bank time deposit is set aside for land acquisition in early January 2021. What total amount should be 10 points reported as cash and cash equivalents on December 31, 2020? * Your