The controller for Blossom Co$.$ is trying to determine the amount of cash and cash equivalents to report on the December $31,2023$ statement of financial position. Blossom Co$.$ follows IFRS. The following information is provided: $1.$ A commercial 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 $$43,000$ in a chequing account at the Royal Scotia Bank. No other accounts are held at the Royal Scotia Bank. $2.$ Blossom has agreed to maintain a cash balance of $$107,000$ at all times in its chequing account at First National Bank to ensure that credit is available in the future. $3.$ Blossom has a $$4-$million investment in a Commercial Bank of Montreal money$-$market mutual fund. This fund has chequing account privileges. $4.$ There are travel advances of $$16,000$ for executive travel for the first quarter of next year. $($Employees will complete expense reports after they travel.$)5.$ A separate cash fund in the amount of $$1\mathrm{.}0$ million is restricted for the retirement of long$-$term debt. $6.$ There is a petty cash fund of $$2,800.7.$ A $$1,600$ IOU from Marianne Koch, a company officer, will be withheld from her salary in January $2024.8.$ There are $20$ cash floats for retail operation cash registers: $8$ at $$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 received a cheque dated January $12,2024,$ in the amount of $$30,000$ from a customer owing funds at December $31.$ It has also received a cheque dated January $8,2024,$ in the amount of $$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 $$2\mathrm{.}2$ million of commercial paper of Splish Co$.,$ which is due in $60$ days. $12.$ Currency and Coin on hand amounted to $$7100.13.$ Blossom had acquired $1100$ shares of Sortel for $$3\mathrm{.}80$ per share in late November and is holding them for trading. The shares are still on hand at year end and have a fair value of $$4\mathrm{.}10$ per share on December $31,2023.($a$)$ Calculate the amount of cash and cash equivalents to be reported on Blossom's statement of financial position at December $31,2023.$ Cash reported on December $31,2023,$ balance sheet $