+ . Tropical Inc. is preparing its December 31 financial statements, and it must determine the proper balance sheet classification of financial statement items. Complete the table as follows: 1. Indicate whether each amount would be classified as cash. 2. Indicate an alternative classification if the amount is excluded from cash. Financial Statement Item Include in Cash Amount Classification 1. Coins and currency, $1,000 1,000 Cash 2. Checks received from customers, $12,000 12,000 Accounts Receivable 3. Certificates of deposit (CDs), 516,000, 6-month term. 16,000 * Refundable Deposit (current liability) 4. Petty cash fund, $800. 800 Cash 5. Postage stamps, $120. 120 x Cash Equivalent 6. First Star checking account balance, $42,000 42,000 Restricted Cash 7. Postdated check from customer, $200. 200 x Accounts Receivable 8. Money order from customer, $300. 300 Accounts Receivable 9. Cash in savings account, $20,000 20,000 Restricted Cash 10. Bank draft from customer, $800. 800 Refundable Deposit (current liability). 11. Investment in commercial paper, 30-day term, $160. 160 x Short-Term Investment 12. Utility deposit to a utilities company (refundable), 5100, 100 * Refundable Deposit (current asset) 13. Certified check from customer, $2,000. 2,000 Accounts Receivable 14. NSF (non-sufficient fund) check from R. Roe, $400. 400 * Refundable Deposit (current liability) 15. Cash advance to company executive, collectible upon demand, $40,000 40,000 > Prepaid Expense 16. Hometown Credit Union, checking account overdraft, $4,000 4,000 * Accounts Receivable 17. Travel advances to employees, $240. 240 x Prepaid Expense 18. Cashier's check, $500 500 Accounts Receivable X X X X X x Check