work with Video Assistance - REVISED Question 8 of 14 The controller for Clint Sandhill Co. is attempting to determine the amount of cash to be reported on its December 31, 2020, balance sheet. The following information is provided 1. Commercial savings account of $632,600 and a commercial checking account balance of $862,600 are held at First National Bank of Yojimbo 2. Money market fund account held at Volonte Co. (a mutual fund organization) permits Sandhill to write checks on this bar $5,464,100 3. Travel advances of $185,800 for executive travel for the first quarter of next year (employee to reimburse through salary reduction) 4. A separate cash fund in the amount of $1,503.500 is restricted for the retirement of long-term debt. 5. Petty cash fund of $1.140. 6. An Lou from Marianne Koch, a company customer, in the amount of $168.800 7. A bank overdraft of $122.900 has occurred at one of the banks the company uses to deposit its cash receipts. At the time, the company has no deposits at this bank 8. The company has two certificates of deposit, each totaling 5540.200. These CDs have a maturity of 120 days. 9. Sandhill has received a check that is dated January 12, 2021. in the amount of $121.860 10. Sandhill has agreed to maintain a cash balance of $488.500 at all times at First National Bank of Yojimbo to credit availability 11. Sandhill has purchased $2,038,300 of commercial paper of Sergio Leone Co. which is due in 60 days 12. Currency and coin on hand amounted to $7.213 (a) Compute the amount of cash and cash equivalents to be reported on Sandhill Co's balance sheet at December 31, 2020 The amount of Cash and Cash Equivalents reported on December 31, 2020 $ e Textbook and Media Attempts: 0 of 3 used