Ortiz Company had the following cash balances at December 31, 2013:

Undeposited coin and currency . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 29,500

Unrestricted demand deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 1,375,000

Company checks written (and deducted from the demand deposits amount)

but not scheduled to be mailed until January 2 . . . . . . . . . . . . . . . . . ... . . . . . . . . . 265,000

Time deposits restricted for use (expected use in 2014) . . . . . . . . . . . . . . . . . . . 2,500,000

In exchange for a guaranteed line of credit, Ortiz has agreed to maintain a minimum balance of $225,000 in its unrestricted demand deposits account. How much should Ortiz report as Cash in its December 31, 2013, balance sheet?