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Gatti Corporation reported the following balances at June 30. Accounts Payable $110 Accounts Receivable 85 Accumulated DepreciationEquipment 36 Cash 13 Cash Equivalents 18 Contributed Capital

Gatti Corporation reported the following balances at June 30.

Accounts Payable $110
Accounts Receivable 85
Accumulated DepreciationEquipment 36
Cash 13
Cash Equivalents 18
Contributed Capital 130
Depreciation Expense 25
Dividends 7
Equipment 330
Notes Payable (long-term) 90
Notes Payable (short-term) 50
Petty Cash 10
Restricted Cash (short-term) 30
Retained Earnings 27
Salaries and Wages Expense 415
Service Revenue 510
Deferred Revenue 43
Utilities Expense 63

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.)

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