Exercise 7-2 Presented below are a number of independent situations. For each individual situation, determine the amount that should be reported as cash 1. Checking account balance $931,500; certificate of deposit $1,414,400;cash advance to subsidiary of $985,850; utility deposit paid to gas company $183 2. Checking account balance $519,300; an overdraft in special checking account at same bank as normal checking account of $17,590; cash held in a bond sinking fund $220,900; petty cash fund $400; coins and currency on hand $1,490 3. Checking account balance $638,200; postdated check from customer $9,970; cash restricted due to maintaining compensating balance requirement of $91,700; certified check from customer $10,634; postage stamps on hand $608 4. Checking account balance at bank $45,900; money market balance at mutual fund (has checking privileges) $48,530; NSF check received from customer $878 5. Checking account balance $756,200; cash restricted for future plant expansion $518,100; short- term Treasury bills (which mature in 6 months) $164,740; cash advance received from customer $971 (not included in checking account balance); cash advance of $7,300 to company executive, payable on demand; refundable deposit of $28,500 paid to federal government to guarantee performance on construction contract