BE7.3(LO2)Stowe Enterprises owns the following assets at December 31, 2020:

Cash in bank savings account

$56,200

Chequing account balance

$46,300

Cash on hand

14,800

Postdated cheque from Yu Co.

450

Cash refund due (overpayment of income taxes)

21,400

Cash in a foreign bank (CAD equivalent)

90,000

Preferred shares acquired shortly before their fixed maturity date

15,500

Debt instrument with a maturity date of three months from the date acquired

12,000

If Stowe follows ASPE, what amount should be reported as cash and cash equivalents? Explain how your answer would differ if Stowe followed IFRS.