EB-14 Flax Company has recorded the following items in its financial records. Cash in bank $ 47.000 Cash in plant expansion fund 100.00 Cash on hand 12.00) Highly liquid investments 24.0) Petty cash Receivables from customers 19.000 Stock investments 61.0) The cash in bank is subject to a com, Alsating balance of $5,000. The highly liquid investments had malurilics 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 Instructions (a) What amount should Flax report as "Cash and cash equivalents" on its balance sheet? (b) Where should the items not included in part (a) be reported on the balance sheet? (e) What disclosures should Flax make in its financial stalemenls concerning "cash and cash equivalents**