The following data pertain to ABC Corporation on December 31, 2022
Current account at China Bank - P1,800,000
Current account at RCBC Bank - (100,000)
Foreign bank account – restricted (in equivalent pesos) - 1,000,000
Savings deposit in a closed bank - 150,000
Employee’s post-dated check - 4,000
IOU from employees - 10,000
Traveler’s check - 50,000
Petty cash fund (P4,000 in currency and expense receipts for P6,000) - 10,000
Pension fund - 2,000,000
DAIF check of customer - 15,000
ABC’s check outstanding for 18 months - 70,000
Time deposit – 30 days - 200,000
Treasury bills, due 3/31/23 (purchased 12/31/22) - 200,000
Treasury bills, due 1/31/23 (purchased 1/2/22) - 300,000
Compute the amount to be presented as cash and cash equivalents on December 31, 2022.