Kraft Enterprises owns the following assets at December 31, 2012.
|
Cash in bank—savings account |
68,000 |
Checking account balance |
17,000 |
|
Cash on hand |
9,300 |
Postdated checks |
750 |
|
Cash refund due from IRS |
31,400 |
Certificates of deposit (180 day) |
90,000 |
What amount should be reported as cash?