Newton Company has recorded the following items in its financial records. $32,000 13,000 Cash in bank Checking account Money market fund Payroll account Certificate of deposit (matures in 2 months) Certificate of deposit (matures in 12 months) Cash in plant expansion fund 3,000 5.000 10,000 $63.000 120,000 Cash on hand 11,000 Highly liquid investments 35.000 Petty Cash 300 Receivable from customers 61.000 20.000 U.S. Treasury bills Newton Company has recorded the following items in its financial records. Cash in bank: $32,000 13,000 3,000 5.000 Checking account Money market fund Payroll account Certificate of deposit (matures in 2 months) Certificate of deposit (matures in 12 months) Cash in plant expansion fund Cash on hand 10,000 $63,000 120,000 11.000 35,000 Highly liquid investments 300 Petty Cash 61.000 Receivable from customers 20.000 U.S. Treasury bills The checking account is subject to a compensating balance of $5,000. The highly liquid investments had maturities of 3 months or less when they were purchased. The stock investment will be sold in the next 6 to 12 months. The plant expansion project will begin in 3 years. (a) What amount should Newton report as "Cash and cash equivalents" on its balance sheet? Cash and cash equivalents $