I '-=:I [LID 1) ET-l {Determining Cash Balance) The controller for Clint Eastwood Co. is attempting to determine a the amount of cash to be reported on its December 31, 200?, balance sheet. The following information is 1*.\" i provided. 1. Commercial savings account of $6M,000 and a commercial checking account balance ot$901003 are held at First National Bank of Yojimbo. 1 Money market fund account held at 'Volonte Co. [a mutual fund organization) permits Eastwood to write checks on this balance, $5m0,00l Travel advances of $130,000 for executive travel for the rst quarter of next year (employee to reimburse through salary reduction}. A separate cash Fund in the amount of $1,500,030 is restricted for the retirement of longterm debt. Petty cash fund of $1,000. An I.O.U. trom Marianne Koch, a company customer, in the amount of $190,011 A bank overdraft of $110,011 has occurred at one of the banks the company uses to deposit its cash receipts. At the present time, the company has no deposits at this bank. The company has two certicates of deposit, each totaling $503,000. These (305 have a maturity of 120 days. 9. Eastwood has received a check that is dated January 12, 2008, in the amount of $125,000. In. Eastwood has agreed to maintain a cash balance of $500,003 at all times at First National Bank of Yojimbo to ensure future credit availability. III. Eastwood has purchased $2,100,030 of commercial paper of Sergio Leone Co. which is due in 60 days. 11 Currency and coin on hand amounted to $330]. sewe- t\" F