Spring Company, Inc. had the following cash accounts at UnHappy State Bank:

One account is restricted solely for the construction of a new plant in three years.

A second account is overdrawn by $$18,000.$

The third account has a positive balance of $$8,000$

How should these accounts be reported in Spring's balance sheet? $($CPA$)$

The restricted and regular accounts should be reported as current assets, and the overdraft should be reported as a current liability

The restricted account should be reported as a noncurrent asset, the overdraft should be reported as a current liability, and the regular account should be reported as a current asset

The restricted account and the regular account should be reported as a curnt asset net of the overdraft

The restricted account should be reported as a noncurrent asset, and the regular account should be reported as a current asset net of the overdraft