LIFO cost flow assumption. entry on March 31, 2022, to record the cost of goods sold assu The financial records below relate to Adam Corp. February 28, 2022, Bank Reconciliation Balance per Bank Deposits in Transit Outstanding Checks True Cash Balance $140,000 12,000 (8,000) 144,000 Month of March Results Balance on March 31 March Deposits March Checks March Note Collected March NSF Check Per Bank $129,000 95,000 110,000 2,000 1,400 Per Books $140,400 98,000 105,000 3. Calculate Adam's deposits in transit on March 31. 4. Calculate Adam's outstanding checks on March 31. 5. Calculate Adam's true cash balance on March 31