The cash account of TAKE THIS SUBJECT SERIOUSLY on December 31, 2020 has a balance of P462,000 and it consists of the following:

Balance in Savings Account with a bank closed by BSP

P 72,000

Bills and coins on hand

105,560

Checking account balance in BPI

44,000

Credit Memo from suppliers for purchase returns

13,000

Customer's check dated January 15, 2020

16,000

Customer's check dated January 16, 2021

60,000

Customer's check returned on 12/21/2020 for lack of

sufficient fund

100,000

IOU of an employess

800

Money Order

1,600

Petty cash including paid cash vouchers of P1,650

4,000

Postage stamps

240

Traveller's check

44,800

TOTAL

P462,000

The correct cash and cash equivalent to be presented on Statement of Financial Performance on December 31, 2020 is?