Reliance Company provides the following book balance and reconciling items for preparing its bank reconciliations: $25,000 $150 Balance per books, 1/31 January bank service charge Deposits in transit, 1/31 Outstanding checks, 1/31 Note Collection by bank on 1/31 $3,500 $7,300 $4,500 Reliance Company's correct balance of cash at January 31 is: Select one: O a $25,550 O b. $29,350 Oc $29,500 O d. $32,850