EXERCISE 3 The following information pertains to ABC Company Th e cash balance per bank statement on December 31 was $120,000. o The cash balance per books on December 31 was $110.410. The bank collected a $10,000 note for ABC Company in December, plus interest of $500. The collection has not been recorded by and no interest has been accrued. ABC Company. Outstanding checks on December 31 totaled $1,000. The company received a $450 check from a customer for services provided. The company e . correctly recorded this check in its books by increasing its cash balance by $450. The bank accidentally recorded the $450 check as $540. NSF checks totaled $2,000. Required: Prepare a bank reconciliation at December 31