Kaniper Company has the following items at year-end: Cash in bank $20,000 Petty cash 300 Short-term paper with maturity of 2 months 5, 500 Postdated checks 1, 400 Kaniper should report cash and cash equivalents of A) $20,000. B) $20, 300. C) $25, 800. D) $27, 200. E) $21, 700