As at December 31, 2020, Concord Inc. has the following balances: Cash in bank, $104,000; Investment in preferred shares (retractable, purchased by Concord within 90 days of maturity date), $116,000; Investment in common shares (to be sold within 30 days), $90,000; and Cash (legally restricted for an upcoming long-term debt retirement), $230,000. * Your answer is incorrect. Determine the December 31, 2020 cash and cash equivalents amount for the 2020 statement of cash flows under IFRS. Cash and Cash Equivalents $ 194000 e Textbook and Media X Your answer is incorrect. Determine the December 31, 2020 cash and cash equivalents amount for the 2020 statement of cash flows under ASPE. Cash and Cash Equivalents $ 424000