3. Using the following information, prepare a bank reconciliation. Then prepare a tabular analysis for the adjustments required to reach the adjusted cash balance per book. When completing the tabular analysis, be sure to include explanations for any changes in revenue and expenses.

• Bank balance: $3,678
• Book balance: $2,547
• Deposits in transit: $321
• Outstanding checks: $108 and $334
• Bank charges: $25
• Notes receivable collected by the bank: $1,000; interest: $35