Knowledge Check 01 A company reports the following information as of December 31, Year 1: Cash and currency in cash registers $50,000 Investment in debt security on December 31, Year 1 that matures on February 1, Year 2 25,000 Investment in equity security 10,000 Checking account balance Petty cash 20,000 1,000 What is the amount of cash and cash equivalents that will be reported on the company's balance sheet at December 31, Year 1? Cash and cash equivalents