As at December 31, 2020, Novak Inc. has the following balances: Cash in bank, $103,000; Investment in preferred shares (retractable, purchased by Novak within 90 days of maturity date), $115,000; Investment in common shares (to be sold within 30 days), $90,000; and Cash (legally restricted for an upcoming long-term debt retirement), $214,000. Your answer is correct. Determine the December 31, 2020 cash and cash equivalents amount for the 2020 statement of cash flows under IFRS. Cash and Cash Equivalents $ 218000 e Textbook and Media 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 $