Sheridan Company has recorded the following items in its financial records. Cash in bank: Checking account $45,000 Money market fund 31,000 Payroll account 21,000 Certificate of deposit (matures in 2 months) 23,000 Certificate of deposit (matures in 12 months) 28,000 Total cash in bank $148,000 Cash in plant expansion fund 138,000 Cash on hand 29,000 Highly liquid investments 48,000 Petty cash Receivables from customers Stock investments 2,100 117,000 79,000 U.S Treasury bills 38,000 The highly liquid investments had maturities of 3 months or less when they were purchased. The stock investments will be sold in the next 6 to 12 months. The plant expansion project will begin in 3 years. (a) What amount should Sheridan report as "Cash and cash equivalents" on its balance sheet? Cash and cash equivalents $