Exercise 7-1 The controller for Clint Pina Co. is attempting to determine the amount of cash to be reported on its December 31, 2017, balance sheet. The following information is provided. 1. .Commercial savings account of $665,600 and a commercial checking account balance of $867,900 are held at First 2. Money market fund account held at Volonte Co. (a mutual fund organization) permits Pina to write checks on this 3. Travel advances of $189,200 for executive travel for the first quarter of next year (employee to reimburse through National Bank of Yojimbo. balance, $5,460,300. salary reduction). A separate cash fund in the amount of $1,506,800 is restricted for the retirement of long-term debt. Petty cash fund of $1,540. An I.O.U. A bank overdraft of $115,900 has occurre the present time, the company has no deposits at this bank. The company has two certificates of deposit, each totaling $649,100. These CDs have a maturity of 120 days. 5. 6. 7. from Marianne Koch, a company customer, in the amount of $168,100. d at one of the banks the company uses to deposit its cash receipts. At 8. 9. Pina has received a check that is dated January 12, 2018, in the amount of $137,160. 10. Pina has agreed to maintain a cash balance of $470,200 at all times at First National Bank of Yojimbo to ensure 11. Pina has purchased $1,925,600 of commercial paper of Sergio Leone Co. which is due in 60 days. 12. Currency and coin on hand amounted to $7,194 future credit availability (a) Compute the amount of cash and cash equivalents to be reported on Pina Co's balance sheet at December 31, 2017 The amount of Cash and Cash Equivalents reported on December 31, 2017s