Use the following to answer questions 1-4 Determine whether the firm reports each of the following items as part of cash, cash equivalents, or neither in the balance sheet Item Cash, Cash equivalent, or neither 1 Inventory for sale to customers Investment with a maturity of 80 days at purchase Three month US Treasury Bill Bank deposits Use the following to answer questions 5-8 Bank Reconciliation: Identify whether the item should be added or subtracted from the bank balance or the company balance. Use the number 1-4) for your response. For instance, if the amount should be added to bank statement balance you would input 1 1. Added to bank statement balance 2. Subtracted from bank statement balance 3. Added to company cash balance 4. Subtracted from company cash balance 5 6 7 8 Item Bank deducted too much out of the checking account Bank charge for new checks ordered for the checking account Interest earned on the checking account Checks written but have not cleared the bank vet Use the following to answer questions 9-11 On February 28th, the general ledger of CAC shows a balance for cash of $220,000 Cash receipts yet to be deposited into the checking account total $126,000, while checks written by CAC but not yet processed by the bank total $147,500. The company's balance of cash does not reflect a NSF check of $119, a service fee of $20 and interest earned of $32 and a customer payments collected by the bank of $6,250; however, these amounts are included in the balance of cash of $247,643 reported by the bank as of the end of February Answer the following based on the process of doing the bank reconciliation: 9. $ Determine the total amount that is used to reconcile the Bank balance include if needed): 10. $_ _Determine the total amount that is used to reconcile the Company cash balance (include_ if needed) 11. $ What is the balance in the company's cash account after the reconciliation