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3. Preparing a bank reconciliation The Cash account of Safety Security Systems reported a balance of $2,450 at December 31 , 2016. There were outstanding checks totaling $1,700 and a December 31 deposit in transit of $300. The bank statement, which came from Park Cities Bank, listed the December 31 balance of $4,460. Included in the bank balance was a collection of $620 on account from Brendan Ballou, a Safety customer who pays the bank directly. The bank statement also shows a $20 service charge and $10 of interest revenue that Safety earned on its bank balance. Prepare Safety's bank reconciliation at December 31. Requirements: 1. Prepare Bank Reconciliation 2. Journalize the company's transactions that arise from the bank reconciliation