During the audit of Sunset Building Supply, you are given the following year-end bank reconciliation prepared by the client:

SUNSET BUILDING SUPPLYBank ReconciliationDecember 31Balance per 12/31 bankstatement$48,734Add: Deposits in transit4,467

$53,201Less: Checks outstanding20,758

Balance per ledger, 12/31$32,443

According to the clients accounting records, checks totaling $31,482 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 $50,440. Of the checks outstanding at December 31, checks totaling $3,600 were not returned in the cutoff statement, and of those issued per the accounting records in January, checks totaling $8,200 were not returned.

Prepare a working paper comparing (1) the total of all checks returned by the bank or still outstanding with (2) the total per the clients records of checks outstanding at December 31 plus checks issued from January 114.