Cash Equivalents Metropolis Industries invested its excess cash in the following instruments during December 2008:

Required Determine the amount of cash equivalents that should be combined with cash on the company’s balance sheet at December 31, 2008, and for purposes of preparing a statement of cash flows for the year ended December 31, 2008.

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Certificate of deposit, due January 31, 2009 $ 35,000 Certificate of deposit, due June 30, 2009 95,000 Investment in City of Elgin bonds, due May 1, 2010 15,000 Investment in Quantum Data stock 66,000 Money Market Fund 105,000 90-day Treasury bills 75,000 Treasury note, due December 1, 2009 200,000