Damon Company receives its monthly bank statement, which reports a balance of $2,000. After comparing this to the company's cash records, Damon's accountants determine that deposits outstanding total $4,200 and checks outstanding total $4,450. Required: Calculate the reconciled bank balance for cash. (Amounts to be deducted should be indicated with a minus sign.) Bank balance Deposits outstanding $ 2,000 1,750 Checks outstanding 1,750 Reconciled bank balance $ 5,500 ces