Richter Industries has the following items:
Currency ............................................................................... $27,500
Customer checks that have not been deposited ........................................ 850
U.S. government bonds that originally maturing in 3 months .................... 11,000
U.S. government bonds that originally maturing in 12 months................... 14,000
Cash in saving and checking accounts ............................................... 50,000
Certificates of deposits that originally maturing in 18 months.................... 47,000
Required:
How much should Richter report as cash and equivalents on its balance sheet?