Anew accountant at shamrock, inc. is trying to identify which of the following amounts should be reported as the current asset "cash and cash equivalents" in the year-end balance sheet, as of april 30, 2017. 1. $60 of currency and coin in a locked box used for incidental cash transactions. 2. a $10,600 u. s. treasury bill, due may 31, 2017. 3. $275 of april-dated checks that shamrock has received from customers but not yet deposited. 4. an $86 check received from a customer in payment of its april account, but postdated to may 1. 5. $4,260 in the company’s checking account. 6. $7,120 in its savings account. 7. $60 of prepaid postage in its postage meter. 8. a $30 iou from the company receptionist.

what balance should shamrock report as its "cash and cash equivalents" balance at april 30, 2017?

James jones is the owner of a small retail business operated as a sole proprietorship. during 2017, his business recorded the following items of income and expense: revenue from inventory sales $ 147,000 cost of goods sold 33,500 business license tax 2,400 rent on retail space 42,000 supplies 15,000 wages paid to employees 22,000 payroll taxes 1,700 utilities 3,600 compute taxable income attributable to the sole proprietorship by completing schedule c to be included in james’s 2017 form 1040. compute self-employment tax payable on the earnings of james’s sole proprietorship by completing a 2017 schedule se, form 1040. assume your answers to parts a and b are the same for 2018. further assume that james's business is not a service business, and that it has $155,000 unadjusted basis in tangible depreciable property. calculate james's 2018 section 199a deduction.