Gershwin Wallcovering Inc. had the following items listed in its trial balance at 12/31/2021:

Currency and coins	$	550
Balance in checking account		2,500
Postdated checks from customers		3,000
Treasury bills, purchased on 11/1/2021, mature on 4/30/2022		3,200
Marketable equity securities		10,200
Commercial paper, purchased on 11/1/2021, mature on 1/30/2022		4,400

What amount will Gershwin Wallcovering include in its year-end balance sheet as cash and cash equivalents?

Multiple Choice

• $23,850.

• $13,650.

• $7,450.

• $6,250.