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Logistics Company had the following items listed in its trial balance at 12/31/2016: Balance in checking account, Bank of the East $442,000 Treasury bills, purchased

Logistics Company had the following items listed in its trial balance at 12/31/2016: Balance in checking account, Bank of the East $442,000 Treasury bills, purchased on 11/1/2016 mature on 1/30/2017 20,000 Loan payable, long-term, Bank of the East 300,000 Included in the checking account balance is $50,000 of restricted cash that Bank of the East requires as a compensating balance for the $300,000 note. What amount will Logistics include in its year-end balance sheet as cash and cash equivalents?

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