New Company began operations on January 1, 2008, and purchased temporary investments in marketable securities during the year at a cost of $65,000. The end of the period market value for these investments was $110,000. Net income was $150,000 for 2008. Determine the reported amount of marketable securities on the December 31, 2008 balance sheet. Assume a tax rate of 40%. Please submit your answer in the following form: $100,000