E7.2 ( 1.0 1) (Determining Cash Balance) The following are independent situations. 1. Checking account balance $925,000; certificate of deposit $1,400,000; cash advance to subsidiary of $980,000; utility deposit paid to gas company $180. 2. Checking acoount balance $600,000; an overdraft in special checking acooust at same bank as normal checking account of $17,000; cash held in a bond sinking fund $200,000; petty cash fubd $300; coins and currency on hand $1,350. 3. Cheling account bulanee $590,000; postdated check from customer $11,000; cash reatricted due to maintaining compensating balance requirement of 5100,000 ; centified check from customer $9,800; postage stamps on hand $620. 4. Chocking accouint balabce at bank $37,000; money market balance at mutual fund (has checking privileges) $48,000; NSF check recelved from customer $800. adrance feceived from castomer $900 (not included in checking account balance); cash sdvance of $7,000 to company executive, payable on demand; refundable deposit of $56,000 pald to federal governatent to guarantee performance on conatruction contract