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A new accountant at Sage Hill Inc. is trying to identify which of the amounts shown belo current asset "Ca w should be reported as the sh and cash equivalents" in the year-end balance sheet, as of April 30, 2017. 1. $58 of currency and coin in a locked box used for incidental cash transactions. 2. A $10,500 U.S. Treasury bill, due May 31, 2017. 3. $270 of April-dated checks that Sage Hill has received from customers but not yet deposited. 4. An $84 check received from a customer in payment of its April account, but postdated to May 1. 5. $2,560 in the company's checking account. 6. $6,640 in its savings account. 7. $58 of prepaid postage in its postage meter. 8. A $28 IOU from the company receptionist. y Study (a) What balance should Sage Hill report as its "Cash and cash equivalents" balance at April 30, 20177 Cash and cash equivalents balance at April 30, 2017