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 Bandit 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? Select one: O A. $28,160 OB $22,400 C$55,880 D $47,880