The controller for Blossom Co. is trying to determine the amount of cash to report on the December 31, 2023 statement of financial position. The following information is provided: 1. 2. 3. 4. A commercial savings account with $610,000 and a commercial chequing account balance of $940,000 are held at First National Bank. There is also a bank overdraft of $37,000 in a chequing account at the Royal Scotia Bank. No other accounts are held at the Royal Scotia Bank. Blossom has agreed to maintain a cash balance of $96,000 at all times in its chequing account at First National Bank to ensure that credit is available in the future. Blossom has a $6-million investment in a Commercial Bank of Montreal money-market mutual fund. This fund has chequing account privileges. There are travel advances of $17,000 for executive travel for the first quarter of next year. (Employees will complete expense reports after they travel.) 5. A separate cash fund in the amount of $1.5 million is restricted for the retirement of long-term debt. 6. There is a petty cash fund of $3,000. 7. A $2,300 IOU from Marianne Koch, a company officer, will be withheld from her salary in January 2024. 8. There are 20 cash floats for retail operation cash registers: 8 at $480 and 12 at $590. 9. The company has two certificates of deposit, each for $520,000, These certificates of deposit each had a maturity of 120 days when they were acquired. One was purchased on October 15 and the other on December 27.