- Answer format: With a comma, no decimal places, and no peso signs. Example: Your computed amount is 123456.78910. Encode it as 123,457. - For negative amounts: Place your answer inside the parenthesis. Example: Your answer is negative 123,457. Encode it as (123,457). - You can keep on answering this seatwork and use it as a reviewer for quizzes and exams, but the recorded score will be based on your first (1st) attempt. - You can view the solutions to the problem after the due date. On December 31, 2020, Albania Company provided the following data: Cash in bank 3,000,000 1,000,000 2,000,000 Time deposit - 30 days Money market placement due on June 30, 2021 Saving deposit in a closed bank Sinking fund for bond payable June 30, 2022 Petty cash fund 100,000 1,500,000 20,000 The cash in the bank included a customer check of P200,000 outstanding for 18 months. Check of P250,000 in payment of accounts payable was dated and recorded on December 31, 2020, but mailed to creditors on January 15, 2021. Check of P100,000 dated January 31, 2021, in payment of accounts payable was recorded and mailed December 31, 2020. The reporting period is the calendar year. . The cash receipts journal was held open until January 15, 2021, during which time an amount of P450,000 was collected and recorded on December 31, 2020. Requirement: Compute the total amount of Cash and Cash equivalents that should be reported on December 31, 2020