E5-8 Preparing a Balance Sheet [LO 5-5) Gatti Corporation reported the following balances at June 30. Accounts Payable Accounts Receivable Accumulated Depreciation Equipment Cash Cash Equivalents Common Stock Deferred Revenue Depreciation Expense Dividends Equipment Notes Payable (long-term) Notes Payable (short-term) Petty Cash Restricted Cash (short-term) Retained Earnings Salaries and Wages Expense Service Revenue Utilities Expense $ 150 120 35 20 25 200 50 55 5 400 90 30 10 10 30 450 580 70 Required: 1. What amount should be reported as "Cash and Cash Equivalents"? 2. Prepare a classified balance sheet. Do not show the components that add up to your answer in requirement 1 but rather show only the line "Cash and Cash Equivalents." Complete this question by entering your answers in the tabs below. Required 1 Required 2 What amount should be reported as "Cash and Cash Equivalents? Cash and Cash Equivalents Roq Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a classified balance sheet. Do not show the components that add up to your answer in requirement 1 but rather show only the line "Cash and Cash Equivalents." (Amounts to be deducted should be indicated by a minus sign.) GATTI CORPORATION Balance Sheet