The controller for Sandhill 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: $1.$ A commercial savings account with and a commercial chequing account balance of are held at First National Bank. There is also a bank overdraft of in a chequing account at the Royal Scotia Bank. No other accounts are held at the Royal Scotia Bank. $2.$ Sandhill has agreed to maintain a cash balance of at all times in its chequing account at First National Bank to ensure that credit is available in the future. $3.$ Sandhill has a $$5-$million investment in a Commercial Bank of Montreal money$-$market mutual fund. This fund has chequing account privileges. $4.$ There are travel advances of for executive travel for the first quarter of next year, $($Employees will complete expense reports after they travel$)5.$ A separate cash fund in the amount of million is restricted for the retirement of long $-$ term debt. $6.$ There is a petty cash fund of $.7.$ A $$1,50010$U from Marianne Koch, a company officer, will be withheld from her salary in January $2024.$ B$.$ There are $20$ cash floats for retail operationcash registers: $8$ at and $12$ at $.9.$ The company has two certificates of deposit, each for $.$ 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 $27.10.$ Sandhill has received a cheque dated January $12,2024,$ in the amount of from a customer owing funds at Decembe $31.$ It has also received a cheque dated January $8,2024,$ in the amount of from a customer as an advance on an order that was placed on December $29$ and will be delivered February $1,2024.11.$ Sandhill holds million of commercial paper of Blue Co$.,$ which is due in $60$ days. $12.$ Currency and coin on hand amounted to $.13.$ Sandhill acquired $1,200$ shares of Sortel for 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 per share on December $31,2023.($a$)$ Calculate the amount of casb to be reported on Sandhill's statement of financial position at December $31,2023.$