Ivanhoe Inc owns these assets at the statement of financial position date: $20,300 (1) Cash in bank (savings account) 1,900 Cash on hand 1,800 Income tax refund due from the Canada Revenue Agency 14,800 Cash in bank (chequing account) 1,100 Postdated cheques received from customers Note:(1) As a condition of a loan, the bank requires Ivanhoe to maintain a minimum balance of $4,700 in the account, which is included in the savings account balance shown above. Your answer is incorrect. What amount should be reported as cash and cash equivalents in the statement of financial position? Cash $ 37000 Your answer is partially correct. For any item not included in cash and cash equivalents in Part (a), identify where it should be reported. For the items included in Part (a). put it as Not Applicable Current Asset Cash in bank (savings account) Not Applicable Compensating balance Current Asset Cash on hand Income tax refund due from the Canada Revenue Agency Current Asset Current Asset Cash in bank (chequing account) Non-current Asset Postdated cheques received from customers