In the month of May, Marin Retail Company Inc. wrote checks in the amount of $66050. In June, checks in the amount of $90378 were written. In May, $60462 of these checks were presented to the bank for payment and $77705 in June. What is the amount of outstanding checks at the end of June assuming that there were no checks outstanding on April 30 ? $5588.$25346.$18261.$12673