Damon Company receives its monthly bank statement, which reports a balance of $1,725. After comparing this to the company's cash records, Damon's accountants determine that deposits outstanding total $3,100 and checks outstanding total $3,350 Required: Calculate the reconciled bank balance for cash. (Amounts to be deducted should be indicated with a minus sign.) Damon Company receives its monthly bank statement, which reports a balance of $1,725. After comparing this to the company's cash records, Damon's accountants determine that deposits outstanding total $3,100 and checks outstanding total $3,350 Required: Calculate the reconciled bank balance for cash. (Amounts to be deducted should be indicated with a minus sign.)