Owen Company's in adjusted book balance at June 30 is $12,500. The company's bank statement reveals bank service charges of $95. Two credit memos are included in the bank statement: one for $1,290 which represents a collection that the bank made for Owen, and one for $150, which represents the which represents the amount of interest that Owen had earned on its interest-bearing account in June. Based on this information, Owens true cash balance is:

• $12,500
• $13,845
• $13,640
• $14,035