Question: CHANGE IN CASH AND CASH EQUIVALENTS Himes Company's balance sheets as of December 31, 20-2 and 20-1, showed the following with regard to cash and

CHANGE IN CASH AND CASH EQUIVALENTS Himes Company's balance sheets as of December 31, 20-2 and 20-1, showed the following with regard to cash and cash equivalents:

Compute the amount of change in cash and cash equivalents and indicate whether it represented an increase or adecrease.

20-2 20-1 Cash Government notes $70,000 $50,000 5,000

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