Concord Company has recorded the following items in its financial records. The highly liquid investments had maturities of 3 months or less when they were purchased. The stock investments will be sold in the next 6 to 12 months. The plant expansion project will begin in 3 years. (a) What amount should Concord report as "Cash and cash equivalents" on its balance sheet? Cash and cash equivalents $ During its first year of operations, Ivanhoe Company had credit sales of $3,230,600;$611,600 remained uncollected at year-end. The credit manager estimates that $43,200 of these receivables will become uncollectible. (a) Your answer is correct. Prepare the journal entry to record the estimated uncollectibles. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (b) Prepare the current assets section of the balance sheet for Ivanhoe Company. Assume that in addition to the receivables it has cash of $91,800, inventory of $134,700, and prepaid insurance of $9,700. (List Current Assets in order of liquidity.)