The books of Kapiz Co. show the following balances at December 31, 20x1:

Cash on hand 400,000

Cash in Bank - current account 1,200,000 Cash in Bank - peso savings deposit 5,000,000

Cash in Bank - dollar deposit (unrestricted) $100,000

Cash in Bank - dollar deposit (restricted) 250,000

Cash in 3-month money-market account500,000

3-month unrestricted time deposit $20,000

Treasury bill, purchased 11/1/20x1, maturing 2/14/20x21,600,000

Treasury bond, purchased 3/1/20x1, maturing 2/28/20x21,000,000

Treasury note, purchased 12/1/20x1, maturing 2/28/20x2 400,000

Unused Credit Line 4,000,000 Redeemable preference shares, purchased 12/1/20x1,due on 3/1/20x2740,000

Treasury shares, purchased 12/1/20x1, to be reissuedon1/5/20x2 200,000

Sinking fund 400,000

Additional information:

Cash on hand includes a 40,000 check payable to Kapiz Co. dated December 29, 20x1.

During December 20x0, check amounting to 30,000 was drawn against the Cash in bank - current account in payment of accounts payable. The check remains outstanding as of December 31, 20x1.

The Cash in Bank - peso savings deposit includes 800,000 security bond on a pending labor litigation, in favor of a previous employee. The establishment of the bond is mandated by a court of law.

The Cash in Bank - peso savings deposit also includes a compensating balance amounting to 500,000 which is not legally restricted.

The Cash in Bank - dollar deposit (unrestricted) account includes interest of $4,000, net of tax, directly credited to Kapiz Co.'s account. The exchange rate at year-end is $1 is to 45.

How much is the cash and cash equivalents to be reported in the 20x1 financial statements?

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