James & Company had the following balances at December 31, 2019: Cash in checking account                                                                      $350,000  Cash in Money Market                                                                             250,000 U.S. Treasury bill purchased 12/1/2019, maturing 1/31/2020                  800,000 U.S Treasury Bond purchased 3/1/2019, maturing 4/30/2020                 500,000 What amount should Cook report as cash and cash equivalents on its 12/31/2019 balance sheet? Answers: A.  $600,000   B.  $1,150,000   C.  $1,400,000   D.  $1,900,000

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