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Cashmere Soap Corporation had the following items listed in its trial balance on 12/31/2024: Currency and coins $ 650 Balance in checking account 60,000 Customer

Cashmere Soap Corporation had the following items listed in its trial balance on 12/31/2024:

Currency and coins

$ 650

Balance in checking account

60,000

Customer checks waiting to be deposited

1,200

Treasury bills, purchased on 11/1/2024, mature on 4/30/2025

3,000

Marketable equity securities

10,200

Commercial paper, purchased on 11/1/2024, mature on 5/30/2025

5,000

Included in the checking account balance is $58,000 of restricted cash that Bank of the East requires as a compensating balance for the $600,000 note.

Required: What amount will Cashmere Soap include in its year-end balance sheet as cash and cash equivalents?

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