7. The following facts apply to Fujiera Company for 2020:
   1. Savings account of P900,000 and checking account balance of P1,200,000 are held at Doha Bank.
   2. Money market placement with maturity of 3 months, P7,500,000.
   3. Currency and coins on hand amounted to P11,550.
   4. Travel advances of P270,000 for the first quarter of next year (employee reimbursement will be through salary deduction).
   5. Fujiera Company has purchased P3,150,000 of commercial paper of Sharja Corp. which is due in 60 days.
   6. A separate cash fund amounting to P2,250,000 is restricted for the retirement of long term debt. g. Petty cash fund of P1,500.
   7. An IOU from an employee of Fujiera Company is the amount of P2,000.
   8. Two certificates of deposit, each totaling P500,000. These CDs have a maturity of 120 days.
   9. Fujiera Company has received a check from a customer in the amount of of P187,500 dated January 15, 2021.
   10. On January 1, 2020, Fujiera Company purchased marketable equity securities to be held as trading for P3,000,000. On December 31, 2020 its market value is P4,300,000.

What amount should be reported as cash and cash equivalents on December 31, 2020?

1. P13,763,050 c) P12,751,500
2. P12,575,550 d) P12,763,050