Kaniper Company has the following items at year-end: Cash in bank $35,000 Petty cash 500 Short-term paper with maturity of 2 months 5,000 Short-term paper with maturity of 4 months 10,000 Postdated checks 1,500 Kaniper should report total cash and cash equivalents of $40,500 $35.500 $50,500 $52.000