Baker Inc. prepares a bank reconciliation at the end of every month. At the end of July, the balance in the general ledger checking account was $2,750 and the bank balance on the bank statement was $2,980. Outstanding checks totaled $830 and deposits in transited were $400. The bank statement revealed that a check written for $120 was incorrectly recorded by Baker as a $220 disbursement. The bank statement listed service charges and NSF check charges totaling $300. The corrected cash balance is:

Group of answer choices

$2,470.

$2,700.

$2,550.

None is correct.

$2,270.