Sheffield Corp. had checks outstanding totaling $34300 on its June bank reconciliation. In July, Sheffield Corp. issued checks totaling $247400. The July bank statement shows that $167300 in checks cleared the bank in July. A check from one of Sheffield Corp.'s customers in the amount of $1900 was also returned marked "NSF." The amount of outstanding checks on Sheffield Corp.'s July bank reconciliation should be

$45800.

$114400.

$80100.

$112500.