Gatti Corporation reported the following balances at June 30.

Accounts Payable

$105

Accounts Receivable

95

Accumulated DepreciationEquipment

45

Cash

15

Cash Equivalents

20

Common Stock

150

Depreciation Expense

35

Dividends

5

Equipment

350

Notes Payable (long-term)

110

Notes Payable (short-term)

20

Petty Cash

25

Restricted Cash (short-term)

20

Retained Earnings

50

Salaries and Wages Expense

425

Service Revenue

530

Unearned Revenue

45

Utilities Expense

65

Required:
1.	What amount should be reported as Cash and Cash Equivalents?

2.	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. (Amounts to be deducted should be indicated by a minus sign.)