Pygmalion Company had the following account balances on December 31,201 : What total amount should be reported as "Cash and Cash equivalents" on December 31,20X1 ? Everlast Company reported the following information at the current year-end: - Investment securities of P1,000,000. These securities are share investments in entities traded on the Philippine Stock Exchange. As a result, the shares are very actively traded in the market. - Investment securities of P2,000,000. These securities are government treasury bills. The treasury bills have a 10-year term and were purchased on December 31 , when they had two months to go until they matured. - Cash of P3,400,000 in the form of coin, currency, saving account, and checking account. What total amount should be reported as Cash and Cash equivalents in the current year? Cash in the bank included P600,000 of compensating balance against a short-term borrowing arrangement. The compensating balance is not legally restricted to withdrawal. On December 31,201, Statement of Financial Position, what total cash should be reported under current assets? Choices: 2,250,0002,375,0003,975,0001,775,000