Pharoah Company had checks outstanding totaling $42200 on its May bank reconciliation. In June, Pharoah Company issued checks totaling $263900. The June bank statement shows that $196400 in checks cleared the bank in June. A check from one of Pharoah Company's customers in the amount of $2000 was also returned marked "NSE" The amount of outstanding checks on Pharoah Company's June bank reconciliation should be O $67500 O $107700. O $25300 O $109700