I need help with this problem Specter Co. combines cash and cash equivalents on the balance sheet. Using the following information, determine the amountreported on the year-end balance sheet for cash and cash equivalents.• $16,000 cash deposit in checking account.$46,000 bond investment due in 20 years.$1,500 U.S. Treasury bill due in 1 month.$850, 3-year loan to an employee.• $3,600 of currency and coins.$1,150 of accounts receivable.Checking accountBond investmentU.S. Treasury billLoan to an employeeCurrency and coinsAccounts receivableCash and cash equivalents2$

The cash and cash equivalents are the balances which can be converted into cash within 3 months.

Specter Co. combines cash and cash equivalents on the balance sheet. Using the following information, determine the amount reported on the year-end balance sheet for cash and cash equivalents. $16,000 cash deposit in checking account. $46,000 bond investment due in 20 years. $11,500 U.S. Treasury bill due in 1 month. $850, 3-year loan to an employee. $3,600 of currency and coins. $1,150 of accounts receivable. Checking account Bond investment U.S. Treasury bill Loan to an employee Currency and coins Accounts receivable Cash and cash equivalents 24