The controller of the Red Wing Corporation is in the process of preparing the company's 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 ilems 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 bulance 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 loan with the bank. Red Wing may not withdraw the funds until the loan is due in 2027 t. U.S. Treasury bills; 2 -month maturity bills totaling $26,000, and 7 -month bills totalling $31,000. Requirod: 1. Determ ne the correct balance of cash and cash equivalents to be reported in the current asset section of the 2024 balance sheet: 2. For each of the items not included in your answer to requirement 1 , select the correct classification of thie item. Complete this question by entering your answers in the tabs below. shent Complete this question by entering your answers in the tabs below. Determine the correct balance of cash and cash equivalents to be reported in the current asset section of the 2024 balance sheet. sheet. 2. For each of the items not included in your answer to requirement 1 , select the correct classification of the Item. Complete this question by entering your answers in the tabs below. For each of the items not included in your answer to requirement 1, select the correct classification of the item