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Gatti Corporation reported the following balances at June 3 0 . Accounts Payable $ 1 4 5 Accounts Receivable 1 7 0 Accumulated Depreciation Equipment

Gatti Corporation reported the following balances at June 30.
Accounts Payable $ 145
Accounts Receivable 170
Accumulated DepreciationEquipment 85
Cash 30
Cash Equivalents 35
Common Stock 300
Deferred Revenue 60
Equipment 500
Notes Payable (long-term)90
Notes Payable (short-term)50
Petty Cash 5
Restricted Cash (short-term)15
Retained Earnings 25
Required:
What amount should be reported as Cash and Cash Equivalents?
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.

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