1. Fauna Inc has the following items at year-end:

Cash in First Bank $15,000

Postdated checks $450

Bank overdraft in checking account at Second Bank $400

Savings account balance at Second Bank $2,600

Treasury bills maturing in 2 months $2,500

Petty cash on hand $600

Cash in Third Bank (bond sinking fund) $7,500

Customer checks waiting to be deposited $650

Fauna should report cash and cash equivalents of