The following current assets are listed in a company's general ledger:

Required
1. Which items are cash equivalents?
2. Explain where items that are not cash equivalents should be classified on the balance sheet.
3. What are the amount and the direction of change in cash and cash equivalents for 2017? Is the company as liquid at the end of 2017 as it was at the end of 2016? Explain your answer.

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December 31 December 31 2017 $12,300 10,000 4,500 1,200 25,800 6,000 2016 Accounts Receivable Certificates of Deposit (three months) Marketable Secunties Petty Cash Fund Money Market Fund Cash in Checking Account $10,000 10,000 4,000 1,500 28,000 6,000