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Gatti Corporation reported the following balances at June 30.   Accounts Payable $115   Accounts Receivable 75   Accumulated...

Gatti Corporation reported the following balances at June 30.
  Accounts Payable $115
  Accounts Receivable 75
  Accumulated Depreciation—Equipment 37
  Cash 11
  Cash Equivalents 16
  Common Stock 110
  Depreciation Expense 20
  Dividends 4
  Equipment 310
  Notes Payable (long-term) 70
  Notes Payable (short-term) 20
  Petty Cash 10
  Restricted Cash (short-term) 25
  Retained Earnings 54
  Salaries and Wages Expense 405
  Service Revenue 490
  Unearned Revenue 41
  Utilities Expense 61

Prepare a classified balance sheet. Do not show the components that add up to your answer in requirement 1 but rather show only the line “Cash and Cash Equivalents.” (Amounts to be deducted should be indicated by a minus sign.)
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Prepare the classified balance sheet as follows:

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