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blem 11-4 (AICPA Adapted) December 31, 2019, Kale Company had the following alances in the accounts maintained at First Bank: Checking account #101 Checking account #201 Money market placement Moday treasury bill, due February 28, 2020 1,750,000 100,000) 250,000 1,000,000 -day treasury bill, due March 15,2020 500,000 800,000 entity classified investments with original maturities of three months or less as cash equivalents. nDecember 31, 2019, what amount should be reported as cash and cash equivalents? a. 3,400,000 b. 2,000,000 c. 2,400,000 d. 3,200,000 Problem 11-5 (IAA) Oakwood Company provided the following data for the year: Cash balance, beginning of year Cash flow from financing activities Cash flow from operating activities Cash flow from investing activities Total shareholders'equity, beginning ofyear 1,300,000 1,000,000 400,000 (1,500,000) 2,000,000 What is the cash balance at the end of current year? a. 1,200,000 b. 1,600,000 c. 1,400,000 d. 1,700,000 257