Could you please help me find the correct balance in the cash and cash equivalents account on December 31, 2020?
Extracted text: A company reported Cash and Cash Equivalents of $17,000 on its balance sheet dated December 31, 2020. Upon review of this account it was noted the balance was made up of the following items: A (1) Cash in checking account, $4,000 (2) 3 month CD purchased Nov. 1, 2020, $2,000 (3) GE stock, $4,500: purchased Dec. 15, 2020 expect to sell March, 1, 2021 (4) Cash in money market account, $5,000 (5) 4 month Treasury Bill purchased Dec. 1, 2020, $1,000 (6) Commercial Paper, $500: purchased Aug. 15, 2020 matures Feb. 15, 2021. What is the correct balance in the cash and cash equivalents account on December 31, 2020? A. $17,000 B. $12,500 C. $11,500 D. $11,000 E. $9,500