Microchip Corporation has supplied you with the following list of its bank accounts and cash at December 31: Checking account $32,000 20,000 Savings account Cash in bond sinking fund 40,000 Money market account with checking 25,000 Postage stamps 200 30-day Treasury Bills 50,000 Petty cash 1,000 The amount properly reported as "cash and cash equivalents" as of December 31 is