Criticize the following working paper that you are reviewing as senior auditor on the December 31 audit of Pratt Company. Pratt Company Cash Per bank $44,874.50 V Deposit in transit 5,843.100 Bank charges (2.80)2 Outstanding checks 1,246.40 3,412.72- 840.00 1,013.603 1,200.003 967.50Y 8,680.22 Per ledger f $42,034.58V fFooted column Verified The client saved a copy of the deposit slip that is filled out. Per discussion with client, this represents cash sales on 12/31/XO. I agreed totals to the Cash Receipts Journal on 12/31/ XO. Properly posted on bank statement as having been received by bank on 1/9/X1. Represents December bank service charge. Agreed charge to December bank statement in which bank charged client $2.80. Recorded as cash disbursement in January of 20X1. Per client, check written (to pay account receivable) before year-end but not mailed until 1/2/X1 because on 12/31/XO the last office mail was picked up at 3 pm due to year-end party of mailroom employees. J.M.W. 1-15-X1