Delta Automotive Corporation has the following assets listed in its 12/31/2021 trial balance:

Cash in bank—checking account ..........................$ 22,500
U.S. Treasury bills (mature in 60 days)*................... 5,000
Cash on hand (currency and coins) ..........................1,350
U.S. Treasury bills (mature in six months)* ...........10,000
Undeposited customer checks ..................................1,840

Required:
1. Determine the correct balance of cash and cash equivalents to be reported in the current asset section of the 2021 balance sheet.
2. For each of the items not included in your answer to requirement 1, explain the correct classification of the item.