Q 7.29: On December 31, 2019, Hat Trick Manufacturing has the following items. Which of the following would be the best reporting option for cash and cash equivalents? Cash Petty Cash Short-term paper due 1/31/20 Short-term paper due 2/27/20 Short-term paper due 10/31/20 Checks dated before 12/31/19 Checks dated after 1/1/20 Postage on hand Bank overdraft at bank with savings account Bank overdraft at bank with no other account $112,000 275 150,000 200,000 250,000 12,600 10,200 10,000 15,000 17,000 Which of the following would be the best reporting option for cash and cash equivalents? A Cash $109,875 Cash equivalents $350,000 B Cash and cash equivalents $737,175 Cash $459,875 Cash equivalents $250,000 D Cash $97,000 Cash equivalents $624,900