Question - Wynn Company has recorded the following items in its financial records.
| Cash in bank |
$47,800 |
| Cash in plant expansion fund |
102,800 |
| Cash on hand |
13,600 |
| Highly liquid investments |
35,900 |
| Petty cash |
550 |
| Receivables from customers |
93,400 |
| Stock investments |
64,000 |
The highly liquid investments had maturities of 3 months or less when they were purchased. The stock investments will be sold in the next 6 to 12 months. The plant expansion project will begin in 3 years.
What amount should Wynn report as "Cash and cash equivalents" on its balance sheet?