Flemco has made a series of transfers between bank accounts near year-end, some through inter-bank wired transfers and some through checks. You have audited the wired transfers and agree that they have been properly stated and now have the following schedule of transfers between cash accounts made using checks. You may assume that dates per bank are correct, and that dates per books are the dates the transactions were recorded in the books. Date Date disbursed deposited Bank accounts per: per: Check number From To Amount Books Bank Books Bank 4040 1st Nat. Suburban $112, 000 12/31 1/5 1/3 1/3 3270 Valley Midburg 62, 500 12/31 1/3 12/31 12/31 4041 1st Nat. Capital 121, 000 1/2 1/4 12/31 1/3 3271 Valley Suburban 16, 500 1/3 1/5 1/3 12/30 0700 Midburg Suburban 15, 800 12/30 1/5 12/30 1/3 Analyze each of the above transfers and determine whether you believe each causes total cash to most likely be correct, overstated, or understated as of year-end. Check As a result of the transfer, Question # total cash at December 31 number appears to be 1 . 4040 2. 3270 3. 4041 4. 3271 5 0700