Current Attempt in Progress The controller for Biossom Co. is trying to determine the amount of cash to report on the December 31,2023 statement of financial position. The following information is provided: 1. Acommercial savings account with $690,000 and a commercial chequing account balance of $910.000 are held at First National Bank. There is also a bank overdraft of $43,000 in a chequing account at the Roval Scotia Bank. No other accounts are held at the Royal Scotia Bank. 2. Blossom has agreed to maintain a cash balance of $107,000 at all times in its chequing account at First National Bank to ensure that credit is avallable in the future, 3. Blossom has a \$4-miltion investment in a Commercial Bank of Montreal money-market mutual fund. This fund has chequins account privileges. 4. There are travel advances of $16.000 for executive trovel for the first quarter of next year. Employens will complete expense reports after they travel.] 5. A separate cash fund in the amount of $1.0 miltion is restricted for the retirement of long-term debt: 6. Therels a petty cash fund of $2,800. 8. Thereare 20 cash ffoots for retall operation cach registers dot 5450 and 12 at 5590. 9. The company has two certificates of desosit each for 5480.000. These certificates of desorit esch hed a mativity of 120 dort when they wal1 acculred. One was purchased on October 15 and the other on December 27. 8. There are 20 cash floats for retail operation cash registers: 8 at $450 and 12 at $590. 9. The company has two certificates of deposit, each for $480,000. These certificates of deposit each had a maturity of 120 days when they were acquired. One was purchased on October 15 and the other on December 27. 10. Blossom has recelved a cheque dated January 12, 2024, in the amount of $30,000 from a customer owing funds at December 31. It has also recelved a cheque dated January 8, 2024, in the amount of $11,000 from a customer as an advance on an order that was placed on December 29 and will be delivered February 1, 2024. 11. Blossom holds $2,2 million of commercial paper of 5 plish Co. which is due in 60 days. 12. Currency and coin on hand amounted to $7,100 13. Blossom acquired 1.100 shares of Sortel for $3.80 per share in late November and is holding them for trading. The shares arestill on hand at year end and have a fair value of $4.10 per share on December 31,2023. (a) Calculate the amount of cash to be reported on Blossom's statement of financial position ot December 31.2023. Cachreported on December 31,2023, balance sheet