As of December 31, Year 1, Valley Company has $13,670 cash in its checking account, as well as several other items listed below:

Bank credit card slips signed by customers	$ 1,200
Money market fund balance	$ 19,000
Investment in U.S. Treasury bills, mature within 90 days	$ 40,000
Checks received from customers, but not yet deposited in the bank	$ 1,560
Investment in 4,500 shares of Coca-Cola capital stock	$ 48,000

What amount should be shown in Valley's December 31, Year 1, balance sheet as "Cash and cash equivalents"?

Multiple Choice

• $123,430.

• $75,430.

• $109,760.

• $61,760.