Bank Reconciliation Firebird Corp. prepares monthly bank reconciliations of its checking account balance. The bank statement for February indicated the following: Balance, February 28 Service charge for February Interest earned during February NSF check from Valerie Corp. (deposited by Firebird) Note ($14,000) and interest ($350) collected from a customer of Firebird's $87,692 100 850 640 14,350 Upon receiving the bank statement, Firebird's accountants analyzed its cash transactions for possible reconciling items between its cash balance per books and the bank statement: Checking account balance per Firebird's books Outstanding checks as of February 28 Deposit in transit at February 28 Error in recording check 7853 issued by Firebird $71,610 6,440 4,800 18 The correct amount of check 7853 is $897. It was recorded as a cash disbursement of $879 by mistake. The check was issued to pay for merchandise purchases. The check appeared on the bank statement correctly. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answer in the question below. 1. Prepare a bank reconciliation schedule in proper form at February 28. Firebird Corp. Bank Reconciliation February 28 Cash balance from bank statement Add: Less: Adjusted cash balance Cash balance from company records Add: Less: Adjusted cash balance A A A A 2. What is the amount of cash that should be reported on the February 28 balance sheet? Amount of cash reported on the February 28 balance sheet $