Ivanhoe Inc's bank statement from Western Bank at August 31, 2022 shows the following information. Balance, August 1 August deposits Cheques cleared in August Bank credit for interest earned not yet accrued Bank debit for safety deposit box fee Bank service charge Balance, August 31 $17,712 78,840 (74 178) 45 (25 (50 $22,344 A summary of the Cash account in the ledger for August shows the following: Reconciled cash balance, August 1, $18.252: cash receipts deposited $83.160: cheque disbursements $79,450; and unreconciled cash balance August 31. $21,962. Analysis reveals that the only reconciling items on the July 31 bank reconciliation were a deposit in transit for $5.400 and outstanding cheques of $4,860. In addition, you determine that there was an error involving a company cheque drawn in August: A cheque for $400 payable to a supplier on account that cleared the bank in August was journalized and posted for $40. (a) Calculate deposits in transitat August 31 Deposits in transit $