QUESTION 3 Li Ltd requires you to determine, for the two scenarios below, the 'cash and cash equiva- lents amount to include in its Statement of Cash Flows. Scenariol Scenario 2 $33 000 $70 000 $20 000 Cash at bank Short term investment (45 day) Foreign bank account (insignificant risk of change in value) Short term investment (120 day) Redeemable preference shares (redeemable in three years) Petty cash Bank overdraft Redeemable preference shares (redeemable in 60 days) Cash and cash equivalents- 3 000 10 000 3 500 50 7 680 15 000