Cash Equivalents Metropolis Industries invested its excess cash in the following instruments during December 2010:

Certifi cate of deposit, due January 31, 2011 $ 35,000 Certifi cate of deposit, due June 30, 2011 95,000 Investment in City of Elgin bonds, due May 1, 2012 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, 2011 200,000.

Required Determine the amount of cash equivalents that should be combined with cash on the company’s balance sheet at December 31, 2010, and for purposes of preparing a statement of cash fl ows for the year ended December 31, 2010.AppendixLO1