Teal Mountain Inc's bank statement from Main Street Bank at August 31, 2022, gives the following information. Balance, August 1 August deposits Checks cleared in August Bank credit memorandum: Interest earned $18,660 71,260 68,578 $ 125 Bank debit memorandum: Safety deposit box fee Service charge Balance, August 31 150 21,212 145 A summary of the Cash account in the ledger for August shows the following: balance, August 1, $18,960; receipts $74,260; disbursements $73,470; and balance, August 31, $19,750. Analysis reveals that the only reconciling items on the July 31 bank reconciliation were a deposit in transit for $4,900 and outstanding checks of $4,600. In addition, you determine that there was an error involving a company check drawn in August: A check for $400 to a creditor on account that cleared the bank in August was journalized and posted for $40. (a) Determine deposits in transit. Deposits in transit $