Brief Exercise 7-13 Crane Inc. owns these assets at the statement of financial position date: Cash in bank (savings account) Cash on hand Income tax refund due from the Canada Revenue Agency Cash in bank (chequing account) Postdated cheques received from customers Notes: 1. As a condition of a loan, the bank requires Crane to maintain a minimum balance of $4,500 in the account. $22,400 1,600 2,000 13,900 900 What amount should be reported as cash and cash equivalents in the statement of financial position? Cash For any item not included in cash and cash equivalents in Part (a), identify where it should be reported. For the items included in Part (a), put it as "Not Applicable" Cash in bank (savings account) Compensating balance Cash on hand Income tax refund due from the Canada Revenue Agency Cash in bank (chequing account) Postdated cheques received from customers Not Applicable Current Asset Non-current Asset