As at December 31, 2020, Bajac Inc. has the following balances: cash in bank, $108,000; investment in preferred shares (retractable, purchased by Bajac within 90 days of maturity date), $120,000; investment in common shares (to be sold within 30 days), $90,000; and cash (legally restricted for an upcoming long-term debt retirement), $245,000. 

Determine the December 31, 2020 cash and cash equivalents amount for the 2020 statement of cash flows under 

(a) IFRS 

(b) ASPE.