Question # 3 You and your friend Pete are reviewing the latest financial reports from a large Canadian corporation. Although you are studying accounting at school, he is not. On the statement of financial position, Pete notices two line items. One is called "Cash and Cash Equivalents" and the other is called "Restricted Cash.". Pete comments: "That doesn't make sensel" he exclaims. "How can you have an equivalent to cash? Cash is cash! There is no equivalent! Also, why would a company restrict cash? What the heck does that mean?" Instructions Explain to Pete what "cash equivalents" and "restricted cash" are and why they are included with cash on the statement of financial position