Burr Company had the following account balances at Dec. 31, Year 1: Cash in banks: $2250000 Cash on hand: 125,000 Cash legally restricted (expected to be disbursed in Yr. 2) 1,600,000 Cash in banks includes $600,000 of compensating balances related to short term borrowing arrangements. The compensating are not legally restricted as to withdrawl by Burr. In the current Assets section of Burr's Dec. 31, Year 1 balance sheet total cash should be reported at