The bank portion of the bank reconciliation for Rintala Company at November 30, 2014, was as follows. Rintala Company Bank Reconciliation November 30, 2014 Cash balance per bank $14, 367. 90 Add: Deposits in transit 2, 530. 20 16, 898. 10 Less: Outstanding checks Check Number Check Amount 3451 $2, 260. 40 3470 720. 10 3471 844. 50 3472 1, 426. 80 3474 1. 050. 00 6, 301. 80 Adjusted cash balance per bank $10, 596. 30 The adjusted cash balance per bank agreed with the cash balance per books at November 30. The cash in bank is subject to a compensating balance of $5, 000. The highly liquid investments had maturities of 3 months or less when they were purchased. The stock investments will be sold in the next 6 to 12 months. The plant expansion project will begin in 3 years. Instructions What amount should Nayak report as "Cash and cash equivalents" on its balance sheet? Where should the items not included in part (a) be reported on the balance sheet? What disclosures should Nayak make in its financial statements concerning "cash and cash equivalents"? The bank portion of the bank reconciliation for Rintala Company at November 30, 2014, was as follows. Rintala Company Bank Reconciliation November 30, 2014 Cash balance per bank $14, 367. 90 Add: Deposits in transit 2, 530. 20 16, 898. 10 Less: Outstanding checks Check Number Check Amount 3451 $2, 260. 40 3470 720. 10 3471 844. 50 3472 1, 426. 80 3474 1. 050. 00 6, 301. 80 Adjusted cash balance per bank $10, 596. 30 The adjusted cash balance per bank agreed with the cash balance per books at November 30. The cash in bank is subject to a compensating balance of $5, 000. The highly liquid investments had maturities of 3 months or less when they were purchased. The stock investments will be sold in the next 6 to 12 months. The plant expansion project will begin in 3 years. Instructions What amount should Nayak report as "Cash and cash equivalents" on its balance sheet? Where should the items not included in part (a) be reported on the balance sheet? What disclosures should Nayak make in its financial statements concerning "cash and cash equivalents