Current Attempt in Progress

The controller for Clint Sheridan Co$.$ is attempting to determine the amount of cash to be reported on its December $31,2025,$ balance sheet. The following information is provided.

$1.$ Commercial savings account of $\backslash (\backslash$$ $674,500\backslash )$ and a commercial checking account balance of $\backslash (\backslash$$ $871,300\backslash )$ are held at First National Bank of Yojimbo.

$2.$ Money market fund account held at Volonte Co$.($a mutual fund organization$)$ permits Sheridan to write checks on this balance, $\backslash$$$5,404,400.$

$3.$ Travel advances of $\backslash (\backslash$$ $185,100\backslash )$ for executive travel for the first quarter of next year $($employee to reimburse through salary reduction$).$

$4.$ A separate cash fund in the amount of $\backslash (\backslash$$ $1,497,700\backslash )$ is restricted for the retirement of long$-$term debt.

$5.$ Petty cash fund of $\backslash (\backslash$$ $1,360\backslash ).$

$6.$ An I.O$.$U$.$ from Marianne Koch, a company customer, in the amount of $\backslash (\backslash$$ $166,900\backslash ).$

$7.$ A bank overdraft of $\backslash (\backslash$$ $112,800\backslash )$ has occurred at one of the banks the company uses to deposit its cash receipts. At the present time, the company has no deposits at this bank.

$8.$ The company has two certificates of deposit, each totaling $\backslash (\backslash$$ $515,400\backslash ).$ These CDs have a maturity of $120$ days.

$9.$ Sheridan has received a check that is dated January $12,2026,$ in the amount of $\backslash (\backslash$$ $122,180\backslash ).$

$10.$ Sheridan has agreed to maintain a cash balance of $\backslash (\backslash$$ $469,200\backslash )$ at all times at First National Bank of Yojimbo to ensure future credit availability.

$11.$ Sheridan has purchased $\backslash (\backslash$$ $1,993,100\backslash )$ of commercial paper of Sergio Leone Co$.$ which is due in $60$ days.

$12.$ Currency and coin on hand amounted to $\backslash (\backslash$$ $7,061\backslash ).$

$($a$)$ Compute the amount of cash and cash equivalents to be reported on Sheridan Co$.\text{'}$s balance sheet at December $31,2025.$

The amount of cash and cash equivalents reported on December $31,2025\backslash$$