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Crane Company has recorded the following items in its financial records. Cash in bank $56,000 Cash in plant expansion fund 105,100 Cash on hand 14,200

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Crane Company has recorded the following items in its financial records. Cash in bank $56,000 Cash in plant expansion fund 105,100 Cash on hand 14,200 Highly liquid investments 37,300 Petty cash 580 Receivables from customers 91,200 Stock investments 62,000 The highly liquid investments had maturities of three months or less when they were purchased. The stock investments will be sold in the next six to 12 months. The plant expansion project will begin in three years. (a) What amount should Crane report as "Cash and cash equivalents" on its balance sheet? Cash and cash equivalents $

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