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Kingbird Company has recorded the following items in its financial records. Cash in bank $55,500 Cash in plant expansion fund 104,700 Cash on hand 13,200

Kingbird Company has recorded the following items in its financial records.

Cash in bank $55,500
Cash in plant expansion fund 104,700
Cash on hand 13,200
Highly liquid investments 38,500
Petty cash 530
Receivables from customers 93,900
Stock investments 65,200

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 Kingbird report as Cash and cash equivalents on its balance sheet?

Cash and cash equivalents

$enter the cash and cash equivalents amount in dollars

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