During the audit of Sunset Building Supply, you are given the following year-end bank reconciliation prepared by the client: SUNSET BUTTADING SUPPLY Bank Reconciliation December 311 Balance per 12/31 bank statement Add: Deposits in transit Less: Checks outstanding Balance per ledger, 12/31 $48,904 4,484 $53,388 20,829 $32,559 According to the client's accounting records, checks totaling $31,595 were issued between January 1 and January 14 of the following year. You have obtained a cutoff bank statement dated January 14 containing paid checks amounting to $50,621. Of the checks outstanding at December 31, checks totaling $3,614 were not returned in the cutoff statement, and of those issued per the accounting records in January, checks totaling $8,231 were not returned. Required: Prepare a working paper comparing (1) the total of all checks returned by the bank or still outstanding with (2) the total per the client's records of checks outstanding at December 31 plus checks issued from January 1-14. SUNSET BUILDING SUPPLY Comparison of Checks and Disbursements Checks returned or still outstanding December 31 Disbursements per client records Excess of checks returned or outstanding over disbursements per client records