The cash in bank of Loveleen Company on December 31, 2018 has a balance of 1,000,000. Included among the checks drawn by Loveleen against its current account and recorded in December 2018 are: *Check...

The cash in bank of Loveleen Company on December 31, 2018 has a balance of 1,000,000.  Included among the checks drawn by Loveleen against its current account and recorded in December 2018 are:

*Check written and dated December 23, 2018 and delivered to payee on January 6, 2019, P50,000.

*Check written December 27, 2018 and dated January 31, 2019 delivered to payee on December 27, 2018, P75, 000.

What amount of cash will be shown on December 31, 2018?