The bank statement reported an ending balance of $$58,480$ after deducting $$880$ in service charges and an addition of $$18,000$ for a note collected by the bank on the Cherokee Company's behalf. The company books reported an ending balance of $$38,760,$ and determined that deposits in transit equal $$22,400$ and outstanding checks equal $$25,000.$What is the adjusted cash balance?Question $2$ options:A$)$ $$28,160$B$)$ $$22,400$C$)$ $$55,880$D$)$ $$47,880$