Bedford Market's accountant is preparing its May bank reconciliation and has collected the follnwing data: Additionally, deposits in transit and outstanding checks on April 30 were $4,400 and $2,800, respectively. All the deposits in transit and outstanding checks as of April 30 cleared through the bank in May. The correct balance for cash at May 31 should be a. $10,960 b. $12,780 c. $11,180 d. $13,980