Acme AI Corporation’s December 31, 20X1 trial balance includ…
Acme AI Corporation’s December 31, 20X1 trial balance includes the following items:Currency and coins$ Customer checks waiting to be deposited$ Balance in checking account(includes $40,000 of restricted cash that the bank requires as a compensating balance for a long-term note)$ Treasury bills, purchased on 11/1/20X1, mature on 4/30/20X2$ Marketable equity securities$ Commercial paper, purchased on 11/1/20X1, mature on 1/30/20X2$ What amount will Cashmere Soap include in its year-end balance sheet as cash and cash equivalents?