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YU Inc. reported the following amounts: Cash in bankchequing account of $37,000, Cash on hand of $1,000, Postdated cheques received totalling $3,500, and certificates of

YU Inc. reported the following amounts: Cash in bankchequing account of $37,000, Cash on hand of $1,000, Postdated cheques received totalling $3,500, and certificates of deposit totalling $248,000. How much should be reported as cash in the statement of financial position? Select one: a. $ 45,000. b. $286,000. c. $ 38,000. d. $ 37,000

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