During your audit of Carla Pang Inc., you prepared the following bank transfer schedule.

Check Number	Bank Accounts			Date Disbursed		Date Deposited
	From	To	Amount	Books	Bank	Books	Bank
2001	City Bank	3rd National	60,000	12/28	12/31	12/28	12/28
2002	City Bank	Portland	80,000	12/28	1/3	12/31	12/31
6734	1st City	City Bank	42,000	1/3	12/31	12/31	12/31
3580	Portland	3rd National	75,000	1/2	1/4	12/30	12/30
2008	City Bank	3rd National	44,000	12/31	1/5	12/31	1/3
2009	City Bank	Portland	67,000	1/1	12/31	1/1	12/31
4005	3rd National	City Bank	67,000	12/31	1/4	1/5	1/5

Fill out the table below indicating the most likely situation as it relates to cash at year-end. Indicate the situation using one of the following:

1. Year-end total cash is properly stated.
2. Year-end total cash is understated.
3. Year-end total cash is overstated.

Check Number	Reply
2001
2002
6734
3580
2008
2009
4005