Concord Corporation assembled the following information in completing its March bank reconciliation: Balance per bank Outstanding checks Deposits in transit NSF check Bank service charge Cash balance per books $11380 $1980 $3200 $205 $60 $11260 As a result of this reconciliation, Concord will increase its cash account by $145. reduce its cash account by $60 O reduce its cash account by $1220. reduce its cash account by $265