Teal Mountain Inc. owns the following assets at December 31, 2017:

Cash in bank savings account $48,200 Chequing account balance $30,400 Cash on hand 14,500 Postdated cheque from Sandhill Co. 450 Refund due (overpayment of income taxes) 30,900 Cash in a foreign bank (CAD equivalent) 88,100 Preferred shares acquired shortly before their fixed maturity date 15,400 Debt instrument with a maturity date of three months from the date acquired 11,400

(a1) If Teal Mountain follows ASPE, what amount should be reported as cash and cash equivalents?

Cash and cash equivalents under ASPE $______________

(a2) If Teal Mountain follows IFRS what amount should be reported as cash and cash equivalents?

Cash and cash equivalents under IFRS $______________