Wakayama Company provided the following information on December 31, 2021:

Undeposited collections P 80,000 Cash in bank PNB, net of bank overdraft of P20,000 with the same bank 120,000 Cash in bank BDO, net of outstanding checks of P70,000 300,000 Cash in bank BPI, restricted for the payment of payroll 200,000 Cash in bank RCBC, with an unrestricted compensating balance of P40,000 180,000 Cash funds:

• Petty cash fund (net of check of petty cash custodian representing her salary, P15,000) 40,000

• Tax fund 75,000
• Change fund 20,000
• Bond sinking fund 230,000

180-Day Time deposit, acquired and dated on Dec. 27, 2021 205,000 120-Day certificate of deposit, dated Nov. 1, 2021, acquired on Dec. 19, 2021 195,000 Money market funds 88,000 Investment in DDMCI, acquired on Dec. 1, 2021, expected to be sold in January 120,000

How much is the total cash and cash equivalents that should be presented in the statement of financial position?