Gatti Corporation reported the following balances at June 30.

please see pic below.

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.)

Gatti Corporation reported the following balances at June 30. Accounts Payable $175 150 Accounts Receivable Accumulated Depreciation-Equipment Cash Cash Equivalents 280 Common Stock Depreciation Expense Dividends Equipment 480 Notes Payable (long-term) 50 Notes Payable (short-term) Petty Cash Restricted Cash (short-term) Retained Earnings 480 Salaries and Wages Expense Service Revenue Unearned Revenue Utilities Expense