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2.2

Specter Company combines cash and cash equivalents on the balance sheet. Using the following information, determine the amount reported on the year-end balance sheet for cash and cash equivalents. - $3,000 cash deposit in checking account. - $20,000 bond investment due in 20 years. - \$5.000 U.S. Treasury bill due in 1 month. - \$200,3-year loan to an employee. - \$1,000 of currency and coins - $500 of accounts receivable