Nickleson Company had an unadjusted cash balance of \$4,076 as of May 31. The company's bank statement, also dated May 31 included a $60 NSF check written by one of Nickleson's customers. There were $1.249 in outstanding checks and $295 in deposita in transit as of May 31. According to the bank statement, service charges were $70, and the bank collected a $1,00 note recenable for Nickleson. The bank statement also showed $21 of interest revenue earned by Nickleson. Required: Determine the true cash balance as of May 31 . (Hint: it is not necessary to use all of the preceding itemis to determine the true batance)