Thor Company provided the following data on December 31, 2018:

Checkbook balance

4,000,000

Bank statement balance

5,000,000

Cash in sinking fund

2,000,000

Check drawn on Thor's account, payable to supplier, dated and recorded on December 31, 2018 but not mailed until January 15, 2019 amounted to P500,000.

On December 31, 2018, what amount should be reported as "cash" under current assets?

Select one:

a.

6,500,000

b.

5,500,000

c.

3,500,000

d.

4,500,000