Question 11 --/3 View Policies Current Attempt in Progress Metlock Company has recorded the following items in its financial records. Cash in bank $54,200 Cash in plant expansion fund 109,200 Cash on hand 13,200 Highly liquid investments 38,600 Petty cash 510 Receivables from customers 93,600 Stock investments 65,900 The highly liquid investments had maturities of 3 months or less when they were purchased. The stock investments will be sold in the next 6 to 12 months. The plant expansion project will begin in 3 years. (a) What amount should Metlock report as "Cash and cash equivalents" on its balance sheet? $ Cash and cash equivalents Solution