Silicon Valley Company assembled the following information in completing its March bank reconciliation: Balance per bank $3,820; Outstanding checks $775; Deposits in transit $1,250; NSF check $80; Bank service charge $25; Cash balance per books $4,400. As a result of this reconciliation, Silicon Valley Company will: None of these answers are correct reduce its cash account by $25. reduce its cash account by $105. reduce its cash account by $475. increase its cash account by $55.