The books of Tiktok Co. showed the following balance at December 31, 2018: Cash on hand P 200,000 Cash in Bank - current account 700,000 Cash in Bank - peso saving deposit 4,000,000 Cash in Bank - dollar deposit (unrestricted) $200,000 Cash in Bank-dollar deposit (restricted) 40,000 Cash in moncy-market account 500,000 6-month Time Deposit $120,000 Treasury bill, purchased 12/1/2018, maturing 2/28/2019 P 1,600,000 Treasury bond, purchased 3/1/2018, maturing 2/28/2019 1,000,000 Treasury Note 400,000 Unused Credit Linc 4,000,000 Redeemable preference shares, purchased 12/1/2018, duc on 3/1/2019 740,000 Treasury shares purchased 121/2018 to be reissued on 3/5/2019 100,000 Sinking fund 400,000 Additional Information: Cash on hand includes P40,000 check payable to Tiktok Co. dated January 10, 2019. . During December 2018, checking amounting to P120,000 and P80,000 were drawn against the current account in payment of accounts payable. The P120,000 check is dated January 15, 2019. The P80,000 check is dated December 31, 2018 but was delivered to the payee only on January 15, 2019. The Cash in Bank - peso savings deposit includes a deposit in escrow in the amount of P680,000 and a compensating balance amounting to P500,000 which is legally restricted. . The exchange rate as of year-end is $1 is to P40. 18. The amount of cash and cash cquivalents to be reported in the 2018 financial statements is: a. 14.720,000 b. 11.400,000 c. 18,900,000 d. 10,900,000