As part of your verification, you obtain the bank statement and cancelled checks from the bank on January 15, 2019. Checks issued from January 1 to January 15, 2019, per books were $22,482 Checks returned by the bank on January 15 amounted to $58,438. Of the checks outstanding December 31, $9,600 were not returned by the bank with the January 15 statement, and of those issued per books in January 2019. $7,200 were not returned Deposits in transit Outstanding checks Balance per books $ 69 37,856 68,390 42,756 25,634 Required: 1. Calculate the disbursements per books based on the above data 2. Suggest three possible explanations for the difference between the disbursements per books as computed and as reported.