Response to the following problem:
At December 31, Y1, ABC had the following balances:
Checking account - D Bank $200,000
Checking account - D Bank (10,000)
Checking account - Z Bank (5,000)
Money market account with check cashing privileges 50,000 90-day CD, due 2/28/Y2 25,000 180-day CD, due 4/15/Y2 75,000 Petty cash fund 50 Postage stamps on hand 150 On its December 31, Y1, balance sheet, what amount should ABC report as cash and cash equivalents?