A company has the following assets listed in its curtent year 12/31 triat balance. Purchased on 1t30 of the current year Required: 1. Determine the correct baiance of cash and cash equivalents to be reported in the current asset section of the current year balance sheet 2. For each of the items not included in your answer to requarement 1 , select the correct classification of the ieem. Complete this question by entering your answers in the tabs below. A company has the following assets listed in its curtent year 12/31 triat balance. Purchased on 1t30 of the current year Required: 1. Determine the correct baiance of cash and cash equivalents to be reported in the current asset section of the current year balance sheet 2. For each of the items not included in your answer to requarement 1 , select the correct classification of the ieem. Complete this question by entering your answers in the tabs below