2020 2021 Assets, January 1 $6835 ? Liabilities, January 1 ? $4106 Stockholders' Equity, Jan. 1 $4127 Dividends 855 977 Common Stock 907 982 Stockholders' Equity, Dec. 31 2 3403 Net Income 1018 ? Net income for 2021 is O $724 income. to search o The controller for Clint Concord Co. is attempting to determine the amount of cash to be reported on its December 31, 2020, balance sheet. The following information is provided. 1. 2. Commercial savings account of $624,900 and a commercial checking account balance of $804 600 are held at First National Bank of Yojimbo Money market fund account held at Volonte Co. (a mutual fund organization) permits Concord to write checks on this balance. $5,327,800. Travel advances of $196,600 for executive travel for the first quarter of next year (employee to reimburse through salary reduction) A separate cash fund in the amount of $1,504,000 is restricted for the retirement of long term debt. 3. 4. 5. Petty cash fund of $1.770. 6. An L.O.U. from Marianne Koch, a company customer, in the amount of $165,300. 7. A bank overdraft of $115,100 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. 8. 9. The company has two certificates of deposit, each totaling $567.900. These CDs have a maturity of 120 days. Concord has received a check that is dated January 12, 2021, in the amount of $124.460. Concord has agreed to maintain a cash balance of $529 700 at all times at First National Bank of Yojimbo to ensure future credit availability 10. 11. Concord has purchased $1.909.300 of commercial paper of Sergio Leone Co. which is due in 60 days