The controller of the Red Wing Corporation is in the process of preparing the company's 2024 financial statement5. 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: a. Balances in the company's accounts at the First National Bank, checking $14,600, savings $23,200 b. Undeposited customer checks of $6,300. c. Currency and coins on hand of $690. d. Savings account at the East Bay Bank with a balance of $510,000. This account is being used to accumulate cash for future plant expansion (in 2026). e $31,500 in a checking account at the East Bay Bank. The balance in the account represents a 15% compensating balance for a $210,000 loun with the bank. Red Wing may not withdraw the funds until the loan is due in 2027 f. U.S. Treasury bits, 2 -month maturity bilis totaling $26,000, and 7 -month bills totaling $31,000. Required: 1. Deteraine the correct balance of cash and cash equivalents to be reported in the current asset section of the 2024 balance sheet. 2. Fot each of the items not included in your answer to requirement 1 select the correct ciassification of the item