Cash Equivalents Systematic Enterprises invested its excess cash in the following instruments during December 2008:

Certificate of deposit, due January 31, 2011 $ 75,000 Certificate of deposit, due March 30, 2009 150,000 Commercial paper, original maturity date February 28, 2009 125,000 Deposit into a money market fund 25,000 Investment in stock 65,000 90-day Treasury bills 100,000 Treasury note, due December 1, 2038 500,000 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.