The controller of the Red Wing Corporation is in the process of preparing the companys 2024 financial statements. She is trying to determine the correct balance of cash and cash equivalents to be reported as a current asset in the balance sheet. The following items are being considered: Balances in the companys accounts at the First National Bank; checking $14,800, savings $23,400. Undeposited customer checks of $6,500. Currency and coins on hand of $710. Savings account at the East Bay Bank with a balance of $530,000. This account is being used to accumulate cash for future plant expansion (in 2026). $23,000 in a checking account at the East Bay Bank. The balance in the account represents a 10% compensating