Delta Automotive Corporation has the following assets listed in its $12/31/2024$ trial balance:

Cash in bank$$checking account $ $34,500$

U$.$S$.$ Treasury bills $($mature in $60$ days$)*$Footnote asterisk $7,000$

Cash on hand $($currency and coins$)2,550$

U$.$S$.$ Treasury bills $($mature in six months$)*$Footnote asterisk $22,000$

Undeposited customer checks $3,040$

$*$Footnote asteriskPurchased on $11/30/2024$

Required:

Determine the correct balance of cash and cash equivalents to be reported in the current asset section of the $2024$ balance sheet.

For each of the items not included in your answer to requirement $1,$ select the correct classification of the item.