1. The controller for Novak plc is attempting to determine the amount of cash and cash equivalents to be reported on its December 31, 2022, statement of financial position. The following information is provided. Commercial savings account of 641,000 and a commercial checking account balance of 823,200 are held at First National Bank of Olathe. 2. Money market fund account held at Volonte Co. (a mutual fund organization) permits Novak to write checks on this balance, 5,249,900 3. Travel advances of 188,700 for executive travel for the first quarter of next year (employee to reimburse through salary reduction) 4. A separate cash fund in the amount of 1.492.000 is restricted for the retirement of long-term debt. 5. Petty cash fund of 1,190. 6. 7 8 9. An I.O.U. from Marianne Koch, a company customer, in the amount of 167,000. A bank overdraft of 128,100 has occurred at one of the banks the company uses to deposit its cash receipts. At the present time, the company has no deposits at this bank, The company has two certificates of deposit, each totaling 575,100. These CDs have a maturity of 120 days. Novak has received a check from a customer that is dated January 12, 2023, in the amount of 119,350. Novak has agreed to maintain a cash balance of 501,600 at all times at First National Bank of Olathe to ensure future credit availability Novak has purchased 1.913,700 of commercial paper of Sergio Leone Co. which is due in 60 days. Currency and coin on hand amounted to 7,599. 10. 11. 12 (a) Compute the amount of cash (and cash equivalents) to be reported on Novak ple's statement of financial position at December 31, 2022 E The amount of cash (and cash equivalents) reported on December 31, 2022