Sandhill Inc.'s bank statement from Western Bank at August 31, 2022, shows the following information. $ 19,680 Balance, August 1 August deposits 87,600 Cheques cleared in August ( 82,422 ) Bank credit for interest earned not yet accrued 45 (25) Bank debit for safety deposit box fee Bank service charge (50) Balance, August 31 $ 24,828 A summary of the Cash account in the ledger for August shows the following: Reconciled cash balance, August 1, $ 20,280; cash receipts deposited $ 92,400; cheque disbursements $ 88,276; and unreconciled cash balance, August 31, $ 24.404. Analysis reveals that the only reconciling items on the July 31 bank reconciliation were a deposit in transit for $6,000 and outstanding cheques of $ 5,400. In addition, you determine that there was an error involving a company cheque drawn in August: A cheque for $ 400 payable to a supplier on account that cleared the bank in August was journalized and posted for $ 40. Calculate the amount of outstanding cheques at August 31. (Hint: You need to correct disbursements for any cheque error.) Outstanding cheques $