Metropolis Industries invested its excess cash in the following instruments during December 2012: Certificate of deposit, due

Question:

Metropolis Industries invested its excess cash in the following instruments during December
2012:
Certificate of deposit, due January 31, 2013.....................................$ 35,000
Certificate of deposit, due June 30, 2013...........................................95,000
Investment in City of Elgin bonds, due May 1, 2014..............................15,000
Investment in Quantum Data stock..................................................66,000
Money market fund...................................................................105,000
90-day Treasury bills...................................................................75,000
Treasury note, due December 1, 2013..............................................200,000
Required
Determine the amount of cash equivalents that should be combined with cash on the company's at December 31, 2012, and for purposes of preparing a statement of cash flows for the year ended December 31, 2012.
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...