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. 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. 2. 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. 3. Blossom has a \$6-million investment in a Commercial Bank of Montreal money-market mutual fund. This fund has chequing account privileges. 4. 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. 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. 10. Blossom has received a cheque dated January 12,2024 , in the amount of $27,000 from a customer owing funds at December 31 . It has also received a cheque dated January 8,2024 , in the amount of $10,000 from a customer as an advance on an order that was placed on December 29 and will be delivered February 1, 2024. 11. Blossom holds $1.8 million of commercial paper of Sunland Co., which is due in 60 days. 12. Currency and coin on hand amounted to $7,400. 13. Blossom acquired 1,400 shares of Sortel for $4.00 per share in late November and is holding them for trading. The shares are still on hand at year end and have a fair value of $4.10 per share on December 31,2023. (a) Calculate the amount of cash to be reported on Blossom's statement of financial position at December 31,2023. Cash reported on December 31,2023 , balance sheet $