Kaniper Company has the following items at year-end: $35,000 300 Cash in bank Petty cash U.S. Treasury Bills with maturity of 2 months Postdated checks 5,500 1,400 Kaniper should report cash and cash equivalents of Select one: A. $40,800. B. $42,200. C. $35,000. D. $35,300. On March 15, a fire destroyed Interlock Company's entire retail inventory. The inventory on hand as of January 1 totaled $6,600,000. From January 1 through the time of the fire, the company made purchases of $2,732,000, incurred freight-in of $312,000, and had sales of $4,840,000. Assuming the rate of gross profit to selling price is 30%, what is the approximate value of the inventory that was destroyed? Select one: A. $5,944,000 B. $8,192,000 C. $9,644,000 D. $6,256,000