* Your answer is incorrect. Sandhill Company has recorded the following items in its financial records. Cash in bank: Checking account $37,000 Money market fund 23,000 Payroll account 13,000 Certificate of deposit (matures in 2 months) 15,000 Certificate of deposit (matures in 12 months) 20.000 Total cash in bank $108,000 Cash in plant expansion fund 130,000 Cash on hand 21,000 Highly liquid investments 40,000 Petty cash Receivables from customers Stock investments 1,300 109,000 71,000 U.S Treasury bills 30,000 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 Sandhill report as "Cash and cash equivalents" on its balance sheet? Cash and cash equivalents $ 170300