Current Attempt in Progress

Cullumber Company has recorded the following items in its financial records:

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 Cullumber report as "Cash and cash equivalents" on its balance sheet?

Cash and cash equivalents $