Brighton Inc. reported the following amounts: Cash in bank$$chequing account of $$37,000,$ Cash on hand of $$1,000,$ Postdated cheques received totalling $$3,500,$ and certificates of deposit totalling $$248,000.$ How much should be reported as cash in the statement of financial position?

Question $8$ options:

$$38,000$

$$37,000$

$$286,000$

$$41,500$